TRUE OR FALSE, NO EXPLANATION NEEDED

• Donation inter-vivos are inspired by the generosity of the donor
• A donation mortis causa is affected by the death of the decedent
• As a rule, all properties of the donor existing at the point of death constitute his donation mortis causa.
• All forms of gratuitous transmission of property while the donor is living is actually donation mortis causa.
• Transfer in contemplation of death are donation made inter-vivos but are actually donation mortis causa.
• The transfer of property which conveys title to the property only upon death of the donor are donation mortis causa.
• Estate tax rate are higher than donor's tax rates
• Incomplete transfer is not subject to tax upon physical transfer of the property.
• Incomplete transfer which pre-terminated by the death of the transferor are subject to estate tax.
• When incomplete transfer is completed during the lifetime of the transferor the transfer is subject to donor tax.

A.

• The reciprocity rule may apply to movable personal property located in the Philippines.
• The reciprocity rules apply to intangible properties of any alien located in the Philippines
• Franchise are subjected to transfer tax in the place where they are exercised.
• The share and bonds of domestic corporations are presumed situated in the Philippines for purposes of transfer taxation
• Shares and bonds of foreign corporations are always presumed situated abroad for transfer tax purposes
• For purposes of transfer tax, the interest in a business partnership organized abroad is presumed situated abroad
• Cash is considered an intangible property
• Shared stocks and bonds are tangible personal properties
• Donation inter-vivos are subject to transfer tax at the death of the donor
• Donations mortis causa are subje4cted to transfer tax at the death of the decedent