Albert gave his friend Baker a deed to a property, which Baker recorded. A year later, Albert and Baker had a dispute. Albert demanded the return of the property because Baker had not given any consideration for the property transfer. Assuming there was no consideration, which statement is correct?
A. Albert can obtain revocation because of lack of consideration.
B. The agreement is void because of lack of consideration.
C. Albert is entitled to the fair market value of the property conveyed.
D. Baker can keep the property, which was a completed gift.
Answer: D. Baker can keep the property, which was a completed gift.
You might also like to view...
Which of the following best explains why the United States government regulates marketers' anticompetitive behavior?
A) to ensure consumer safety B) to ensure public safety C) to promote the welfare of the country's economic system D) to control the country's economic system E) to achieve specific social goals
When two classes have incompatible interfaces, we need an ________ to convert the interface of a class in order for the two classes to work with each other
A) object adapter B) object adopter C) object interface D) object patch