delivery of gift

delivery of gift
An actual, symbolical, or constructive transfer of possession of the subject matter to the donee personally or to some person acting as his agent, trustee, guardian, or bailee, the operation of physically handing over giving way at times, as where the subject matter is bulky, to such acts and declarations as the situation reasonably permits, it being essential, however, whatever the act employed may be, that it manifest the donor's intention to divest himself of title and possession. 24 Am J1st Gifts §§ 24 et seq. To make a valid gift of corporate stock by assignment on a separate document, the Uniform Stock Transfer Act requires delivery of both the separate document and the stock certificate. Lyons v Freshman, 124 Mont 485, 226 P2d 775, 23 ALR2d 1165.

Ballentine's law dictionary. . 1998.

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  • gift — A voluntary transfer of property to another made gratuitously and without consideration. Bradley v. Bradley, Tex.Civ.App., 540 S.W.2d 504, 511. Essential requisites of gift are capacity of donor, intention of donor to make gift, completed… …   Black's law dictionary

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  • gift — n 1: an intentional and gratuitous transfer of real or personal property by a donor with legal capacity who actually or constructively delivers the property to the donee with the intent of giving up dominion over the property and investing it in… …   Law dictionary

  • delivery — de·liv·ery n pl er·ies: an act that shows a transferor s intent to make a transfer of property (as a gift); esp: the transfer of possession or exclusive control of property to another actual delivery: a delivery (as by hand or shipment) of actual …   Law dictionary

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  • Gift — Gift, n. [OE. gift, yift, yeft, AS. gift, fr. gifan to give; akin to D. & G. gift, Icel. gift, gipt, Goth. gifts (in comp.). See {Give}, v. t.] 1. Anything given; anything voluntarily transferred by one person to another without compensation; a… …   The Collaborative International Dictionary of English

  • Gift rope — Gift Gift, n. [OE. gift, yift, yeft, AS. gift, fr. gifan to give; akin to D. & G. gift, Icel. gift, gipt, Goth. gifts (in comp.). See {Give}, v. t.] 1. Anything given; anything voluntarily transferred by one person to another without… …   The Collaborative International Dictionary of English

  • delivery — The act by which the res or substance thereof is placed within the actual or constructive possession or control of another. Poor v. American Locomotive Co., C.C.A.I11., 67 F.2d 626, 630. What constitutes delivery depends largely on the intent of… …   Black's law dictionary

  • delivery — The act by which the res or substance thereof is placed within the actual or constructive possession or control of another. Poor v. American Locomotive Co., C.C.A.I11., 67 F.2d 626, 630. What constitutes delivery depends largely on the intent of… …   Black's law dictionary

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