subject
Business, 19.04.2021 18:10 amp46

Jaspal has a severe heart attack and is taken to the hospital. He is aware that he is not expected to live. Because he is a bachelor with no close relatives nearby, Jaspal gives his car keys to his close friend Friedrich, telling Friedrich that he is expected to die and that the car is Friedrich's. Jaspal survives the heart attack, but two months later he dies from pneumonia. Sam, Jaspal's uncle and the executor of his estate, wants Friedrich to return the car. Friedrich refuses, claiming that the car was a gift from Jaspal. Discuss whether Friedrich will be required to return the car to Jaspal's estate. 1. A gift is a Select transfer of property for which no consideration is given. 2. For a gift to be effective, there must be Select intent on the part of the Select , actual or constructive Select , and Select by the donee. 3. A gift given during one's lifetime that meets the criteria is called a gift Select . 4. When a gift is given in anticipation of Select death, it is called a gift Select and must comply with additional rules.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 11:30
Amano s preguntes cationing to come fonds and consumer good 8. why did the u.s. government use rationing for some foods and consumer goods during world war ii?
Answers: 1
question
Business, 22.06.2019 20:00
What is the difference between total utility and marginal utility? a. marginal utility is subject to the law of diminishing marginal utility while total utility is not. b. total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. c. total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. d. marginal utility represents the consumer optimum while total utility gives the total utility per dollar spent on the last unit.
Answers: 3
question
Business, 22.06.2019 20:40
Which of the following is true concerning the 5/5 lapse rule? a) the 5/5 lapse rule deems that a taxable gift has been made where a power to withdraw in excess of $5,000 or five percent of the trust assets is lapsed by the powerholder. b) the 5/5 lapse rule only comes into play with a single beneficiary trust. c) amounts that lapse under the 5/5 lapse rule qualify for the annual exclusion. d) gifts over the 5/5 lapse rule do not have to be disclosed on a gift tax return.
Answers: 1
question
Business, 23.06.2019 05:50
Ineed the answer today! explain how inflation can be built into the system
Answers: 1
You know the right answer?
Jaspal has a severe heart attack and is taken to the hospital. He is aware that he is not expected t...
Questions
question
Chemistry, 01.08.2019 08:30
question
Mathematics, 01.08.2019 08:30
question
Business, 01.08.2019 08:30
Questions on the website: 13722362