Legal Encyclopedia
Legal Law Definitions in simple and plain English
 Home >> Legal Encyclopedia >> G >> Gift
legal encyclopediaencyclopedia legallegal definition
law dictionary
 

Legal definition of Gift

legal definition of Gift

 

Section 122 of Transfer of Property Act, 1882 defines Gift as:

"Transfer of certain existing moveable or immoveable property made voluntarily and without consideration by one person called the donor to another person called to donee and accepted by and on behalf of the donee.

Gift can only be made by major and nor by minor, however minor can accept the gift through guardian.

-------------

------------

Custom Search
 
legal encyclopedia
legal definitionlegal encyclopedialegal law terms
 

web hit counter

Legal Encyclopedia | Law Colleges | Online Law Digest
Bare Acts | Terms of Use & Disclaimer | Contact Us
Useful Links | Link to us | Privacy Policy