Buck, fearing death from severe injuries suffered in a machinery accident, assigned over a certificate of deposit worth $100,000 and delivered the certificate to Pearl, a friend, who gladly accepts. Buck ends up recovering from the injuries. Why must Pearl give the certificate of deposit back to Buck?

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katey159 katey159

24-04-2020
Business

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Buck, fearing death from severe injuries suffered in a machinery accident, assigned over a certificate of deposit worth $100,000 and delivered the certificate to Pearl, a friend, who gladly accepts. Buck ends up recovering from the injuries. Why must Pearl give the certificate of deposit back to Buck?

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celinavelasquez1 celinavelasquez1 · Answer 1 · 2020-04-24T20:17:59+02:00

celinavelasquez1 celinavelasquez1

24-04-2020

This type of gift is known as a gift causa Mortis. It is a conditional gift which is conditioned on Bucks actually dying. Because Buck recovered, the gift is automatically revoked.

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