Understanding Legal Promises and Gifts

Understanding Legal Promises and Gifts

Assessment

Interactive Video

Business

9th - 10th Grade

Hard

Created by

Jennifer Brown

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What condition did the uncle set for his nephew to receive the money?

The nephew must travel the world.

The nephew must refrain from drinking, smoking, swearing, and gambling.

The nephew must start a business.

The nephew must get married.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did the nephew do after his uncle passed away?

He moved to another country.

He sued the lawyers and heirs for the money.

He donated the money to charity.

He forgot about the promise.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why did the lawyers refuse to give the nephew the money?

It was considered a promise to make a gift, which is not enforceable by law.

The nephew broke the conditions.

The nephew was not the legal heir.

The uncle's will was lost.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the legal distinction made in the final section?

Between a loan and a gift.

Between a promise to make a gift and the actual transfer of a gift.

Between a contract and a promise.

Between a will and a testament.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens once a gift is transferred?

It is shared between the giver and recipient.

It remains with the original owner.

It can be taken back by the giver.

It belongs to the recipient.