Why are delivery and acceptance both necessary to have a valid gift? Explain


Because a gift involves no consideration or compensation, it is necessary to have delivery of the gift in order for it to be effective. The donee must accept the gift so as to not impose a burden upon the donee for something that is not wanted.

Business

You might also like to view...

When confronted with a dialectical tension, Lawrence mentally reframes the tension he is experiencing with Tallulah, imagining that the unpredictability of their relationship will go away once Tallulah finds a full time job, which is a goal she has set for herself. According to your Dainton and Zelley text, which strategy should the couple use to manage the tension?

A. denial B. reaffirmation C. integration D. segmentation

Business

Casewise deletion is a method of handling missing values in which for each calculation or analysis, only the respondents with complete responses are considered

Indicate whether the statement is true or false

Business

A portfolio manager is trying to balance investments between bonds, stocks and cash. The return on stocks is 12 percent, 9 percent on bonds, and 3 percent on cash

The total portfolio is $1 billion, and he or she must keep 10 percent in cash in accordance with company policy. The fund's prospectus promises that stocks cannot exceed 75 percent of the portfolio, and the ratio of stocks to bonds must equal two. Formulate this investment decision as a linear programming problem, defining fully your decision variables and then giving the objective function and constraints.

Business

Results of a mail survey can be misleading if there is a high nonresponse rate.

Answer the following statement true (T) or false (F)

Business