â•£China ♥ Dollâ•
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If both parties recognize that it's a gift, in most cases yes. |
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bostonianinmo
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Yes, a bona fide gift becomes your property. Depending upon the type of gift the donor may need to take certain actions to perfect your title in the property. Motor vehicles and real estate are good examples where the donor must take further action to transfer title to you. |
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beekz15
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In the case of property, yes always. In the case of money, if you didn't ASK for a loan and the person just GIVES you the money without specifying that you are OBLIGATED to pay it back then, yes. But if you decide to pay the money back... that's on you. |
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Gertie
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usually |
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Ollie
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If given has a gift then you become the owner. |
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SunnyDays
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in 99.99999% of cases yes, how many times have you asked for the presents you have given at christmas or birthdays back? |
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Therese
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yes. though if its something super expensive (a house) or something you should proably do some legal stuff. |
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ccx806
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why? |
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Ola
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yes, the gift becomes your property. |
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Dahsoenix
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Well, i would say it is your property. If I gave a gift, I wouldn't act like I was just letting one person borrow it. It is theirs to KEEP. |
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Red Dragon
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Gifts should be given without restrictions, otherwise it's not really a gift. Therefore, the reciever of the gift is the rightful owner. Not forgetting the old saying "Posession is nine tenths of the law" (UK). |
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Mr T
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yes a gift is a gift, so yes |
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McGoo
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Normally yes, but if it was given to you as a gift to a Head of a firm or if you were a Mayor or a civic figure, then it would be the property of the firm or the community, |
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Onestep downfrom God
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Logic dictates that it does. |
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R2007
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I would think so unless that gift comes with a clause. |
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stay_fan1
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the fundamental character of a gift is that the giver has relinquished ownership of it. So yes, it becomes your property and cannot be reclaimed by the giver. |
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prentlepren
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You have entered a verbal agreement that will not hold up in any court of law. |
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El Cid
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In exchange theory of economics, a gift will always remain the property of the giver until the exchange is completed by the recipient returning to the giver the equivalent of the value of the gift. In other words, 'There's no free lunch'. In so far as you are obligated to the giver, the gift is not yours. |
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