In the typical gift situation, the donor pays the gift tax. When a “net gift” is made, however, the donee promises the donor to pay any gift tax due. The following statements relating to net gifts are all false, except:

a. The donor may realize a gain or loss on the transfer.

b. The donor becomes secondarily liable for the gift tax.

c. The donee’s basis will not include an adjustment for the gift tax paid by the donee.

d. The amount of the gift is reduced by gift taxes actually paid by the donee, but not by any reduction in the donor's unified credit.