gift


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Related to gift: gift tax

gift,

in law, voluntary transfer of property from one person to another without any compensation for it and without any obligation of an agreement or contract. The one who gives is the donor; the one who receives the gift, the donee. There are two main classes of gifts, gifts inter vivos and gifts causa mortis. The former is an outright transfer of property, the ordinary type of gift. A gift causa mortis, on the other hand, resembles a legacylegacy,
bequest by will of personal property, similar in many respects to a gift causa mortis. A legacy ordinarily is distinguished from a devise, which transfers real property by will. The person who receives a legacy is called a legatee. Legacies are of various types.
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, or bequest made under a willwill,
in law, document expressing the wishes of a person (known as a testator) concerning the disposition of her property after her death. If a person dies intestate, i.e.
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. It is a gift made by a person in expectation of imminent death and is not complete until the donor dies. The donor in such a situation may make a gift by delivering the goods or note or whatever is the subject of the gift to the donee, but the donor retains full titletitle,
in law, the means by which the owner has just and legal possession of his or her property. It is distinct from the document (e.g., a deed) that is evidence of the title.
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 to the gift and may revoke it at any time before his death. The ordinary gift inter vivos is complete and unconditional as soon as the delivery of the gift is made. The nature of the gift is of considerable importance in taxation. In both types of gifts, it is essential that there be an actual and full delivery of the article given as well as donative intent on the part of the donor. The delivery may be by handing to the donee or by giving it to some other person for the donee, but in all cases the delivery must be such as to take the property given out of the hands and the control of the donor. Commonly gifts are spoken of as involving both real estate and personal propertyproperty,
rights to the enjoyment of things of economic value, whether the enjoyment is exclusive or shared, present or prospective. The rightful possession of such rights is called ownership.
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. The law does not recognize a true gift of real estate, for real estate can be transferred only by deed or will. Gifts in law are only of personal property. A promise to deliver a gift in the future, or a promise to make a gift, unless under seal or made under very unusual circumstances, cannot be legally enforced. A gift should be distinguished from a barter or exchange, as the element of consideration (payment of some sort) necessary for the latter two is not present in a gift.

Gift

 

in civil law, a contract under which property is transferred free of charge from one person to another. The law usually provides that in order to be valid, the form of the gift contract must meet some required conditions. For example, according to Soviet law, a gift contract for amounts from 100 to 500 rubles should be made in a simple written form. However, a gift contract for more than 500 rubles must be notarized. A gift contract for the transfer of a residence must be executed in a form especially prescribed by law. Noncompliance with the prescribed form entails corresponding legal consequences, including invalidity of the contract and deprivation of the right to refer to testimony in case of litigation.

What does it mean when you dream about a gift?

Gifts represent rewards for a job well done or for inner spiritual blessing (gifts of the spirit).

GIFT

[gift or ¦jē¦ī¦ef′tē]

Gift

(dreams)
Giving and receive gifts is usually a pleasant occasion and both parties benefit from the exchange. Dreaming about gift giving may be a reflection on positive exchanges that are occurring in your daily life. Some say that to give and to receive is the same thing. Keep this in mind and also remember that the most valuable gifts may be emotional and spiritual in nature and that your dream may be attempting to make you aware of such gifts. Consider all of the details in the dream and make attempts to connect them to internal and personal realities or daily events.
References in classic literature ?
28-29) `"O daughter of Schoeneus, pitiless in heart, receive these glorious gifts of the goddess, golden Aphrodite.
189: As it is said in Hesiod in the "Catalogue of Women" concerning Demodoce the daughter of Agenor: `Demodoce whom very many of men on earth, mighty princes, wooed, promising splendid gifts, because of her exceeding beauty.
And without doubt the lady so crushed with gifts would find them irresistible.
gifts from our friends, but we have no suitable place for them, and we have no suitable reading-room.
I have spoken of several large gifts to the school; but by far the greater proportion of the money that has built up the institution has come in the form of small donations from persons of moderate means.
They tell you of the Old World; as if the Lord had not the power and the will to create the universe in a day, or as if he had not bestowed his gifts with an equal hand, though not with an equal mind, or equal wisdom, have they been received and used.
Yes; rivers are rare gifts to such as till the ground, as any one may see who journeys far atween the Rocky Mountains and the Mississippi.
So I want by my gift to show him that I am mending my ways, and beginning to conduct myself better.
I hastened to assure him that I should certainly have a gift of some sort ready, since my one wish was to avoid spoiling his pleasure.
With all its gifts and opportunities it was a melancholy life-- melancholy with something not altogether explained by the somewhat pessimistic philosophy exposed in the Journal, nor by the consumptive tendency of Amiel's physical constitution, causing him from a very early date to be much preoccupied with the effort to reconcile himself with the prospect of death, and reinforcing the far from sanguine temperament of one intellectually also a poitrinaire.
Surely, some good Elf has placed it here for us," said they; "let us bear it to our Queen; it is so fresh and fragrant it will be a fit gift for her"; and they joyfully took it in, little dreaming who had placed it there.
The gifts you offer are no small ones, let us then send chosen messengers, who may go to the tent of Achilles son of Peleus without delay.