NOTES ON GIFT
(S 122-129 OF TRANSFER OF PROPERTY ACT)
Gift defined ( S 122)
A gift is the transfer:
- of certain existing movable or immovable property,
-made 1) voluntarily,and
2)without consideration,
- by one person called the donor to another called the donee,and
- accepted by or on behalf of donee.
Such acceptance must be made during the life-time of donor,and while he is still capable of giving. If the donee dies before acceptance,the gift is void.
Gift how effected( S 123)
