Possession of property-completion of gift


Question:

By way of a letter to their nephew Charles, the Greens gave Charles a coin collection valued at $5,000. The Greens still have possession of the collection, as it is displayed in their library. Is it a gift to their nephew or can they change their mind and give it to the local coin collector's club upon their deaths?

Solution Preview :

Prepared by a verified Expert
Business Law and Ethics: Possession of property-completion of gift
Reference No:- TGS01976984

Now Priced at $20 (50% Discount)

Recommended (92%)

Rated (4.4/5)