Question

Which of the following statements is true about a promise to make a gift?

A. Upon delivery of the item, a true gift can be enforceable as a property transfer.

B. Promissory estoppel prevents a gift from being enforceable.

C. A promise to make a gift is binding as a contract as it usually supports the bargain.

D. A promise to make a gift becomes an option when it has a clause in the agreement that revokes the gift.

E. Insignificant consideration in return for a great one raises concerns that the exchange is actually not a gift.

Answer

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