Buck, fearing death from severe injuries suffered in a machinery accident, assigned over a certificate of deposit worth 100,000 and delivered the certificate to Pearl, a friend, who gladly accepts. Buck ends up recovering from the injuries. Why must Pearl give the certificate of deposit back to Buck?
A)This type of gift is known as a gift causa mortis. It is a conditional gift which is conditioned on Buck's actually dying. Because Buck recovered, the gift is automatically revoked.
B)This is an inter vivos gift because Buck was still alive when the gift was made. Any inter vivos gift is revocable because there is no consideration to make Buck's delivery of the certificate binding under contract law.
C)This is an inter vivos gift and due to state laws, gifts in contemplation of death must be written into a valid will or otherwise the deceased's assets will be distributed according to state statute.
D)This gift is an ordinary gift, but it is revocable because we don't know if the certificate of deposit has matured or not.
Question 2
The passage of NAFTA is unpopular with private sector of the economy in Mexico.
Indicate whether the statement is true or false
A Border Marks Life and Death
Acceleration–deceleration injuries
The Black Death spread over much of Europe in a three-year period in the middle of the fourteenth ce
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
A severe case of delayed contact dermatitis (Type IV hypersensitivity) from wearing latex gloves.
Ten Leading Causes of Death in Low-Income Countries, 2008