Gifts

Lois Boateng
Mind Map by Lois Boateng, updated more than 1 year ago
Lois Boateng
Created by Lois Boateng about 5 years ago
21
1

Description

Possession; Property Law; Gifts
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Resource summary

Gifts
1 Inter vivos transfer
1.1 B) Deed
1.1.1 1. Perfected under deed
1.1.1.1 2. No actual delivery required
1.1.1.1.1 3. Deed becomes effective once grantor shows intent to be bound
1.2 A) Trust
1.3 C) Delivery
1.3.1 1. Intent to make a gift
1.3.1.1 2. Intent of recipient to accept gift
1.3.1.1.1 3. Delivery
1.3.1.1.1.1 Legal Act to complete gift
1.3.1.1.1.2 No continuing control or power in the donor
1.3.1.1.1.3 Actual, constructive or symbolic
1.3.1.1.1.3.1 Symbolic delivery: goods are unable to be transferred manually so another object handed in its name
1.3.1.1.1.3.2 Constructive Delivery
1.3.1.1.1.3.2.1 1. When possession is already in the hands of donee
1.3.1.1.1.3.2.2 2. Handing over all effective means of control of the object
1.3.1.1.1.4 Must be with the knowledge & consent of donor
1.3.1.1.1.5 Unfulfilled gift will be treated as complete if donee becomes an excutor under donor's will
1.3.1.2 "words of present gift" or infer intent
1.3.1.3 Donative intention during delivery
1.3.1.4 Caution when determining intent of deceased person
2 Donatio mortis causa
2.1 1. Impending death from an existing peril
2.1.1 2. Delivery of the subject matter
2.1.1.1 3. The gift is only to take effect upon death and will revert to the donor should he/she recover
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