9 844 No because the donation does not exceed 10 of his taxable income for 2023 8 Which is not true A Vitiated consent renders the donation voidable AssignmentNet Gift an D Acceptance may be made after the lifetime of the donor B The donation is perfected only from the moment the donor knows of the acceptance by the donee Which is not true C The donee must accept the donation personally or through an authorized person otherwise the donation shall be void D Donations mortis causa are subject to donors tax A Donation inter vivos is one made between living persons and which is perfected from the moment the donor knows of the a acceptance of the donee MULTIPLE CHOICE PROBLEMS B There is donation inter vivos when the donor intends that the donation shall take effect during the lifetime of the donor though the property shall not be delivered until after the donors death C Donations mortis causa are donations which are to take effect upon the death of the donor and partake of the nature of testamentary provisions April 8 Date of Donation Jan 25 Mr and Mrs Herrera made donations of their conjugal property to the following May 13 June 13 Sep 20 Dec 25 Donee To son Leonard and his bride Pam on their wedding day To Integrated Bar of the Philippines To the Province of Cavite To Lance Mrs Hereras brother on his 21M birthday To Mayor Roces on his comeback bid for mayoralty race To Patty Mr Herreras sister for passing the bar exams Additional information B PI0000 2 Mrs Herreras net gift to Pam on Jan 25 A PO B P10000 3 Mrs Herreras exemption on the April 8 gift A PO B PI0000 1 Mrs Hereras exemption on the Jan 25 gift to Leonard A PO 4 Mrs Herreras net gift on the May 13 gift A P2000000 B P400000 5 Mrs Herreras exemption on the June 13 gift A P2000000 B P400000 6 Mrs Herreras net gift on the Dec 25 gift A P2000000 B P400000 7 Total gross gift of Mrs Herreras for the year A PI350000 B PI590000 8 Mrs Herreras donors tax on all prior gifts A P24000 B P57000 Property Donated Farm in Camiguin Apartment unit Lot for Public Park C P250000 C P250000 On the apartment unit donated by Mrs Herrera to her brother Lance has unpaid mortgage of P600000 assumed by donee C P250000 100 n l21 Of the P860000 cash given to Mr Herreras sister Patty Mr Herera made it clear that P60000 must be donated to Sacred Heart Parish C P300000 KBS C P300000 9 Mr Herreras net gift on the Jan 25 gift to Leonard A PO B PI0000 Cash C P300000 C P81000 Cash Cash C Pl600000 50000 D P400000 Fair Market Value D P400000 Page 1 of 3 D P400000 D PO D PO D PO D P2200000 D P96000 Pl600000 D P400000 800000 4000000 1400000 600000 860000 Page 2 of 3