Consider revocable gifts. The example early in the chapter was, The mule is yours from now on,

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Consider revocable gifts. The example early in the chapter was, “The mule is yours from now on, but if you ever start acting stupid again, I’m taking her back.” In such a case, the giver still owns the mule, and can take it back at any time. Is this reasonable? Should stating a condition “cancel” a gift, or should the gift recipient in this example own the mule?

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Business Law and the Legal Environment

ISBN: 978-1133587491

5th edition

Authors: Jeffrey F. Beatty, Susan S. Samuelson

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