Conditional Gifts

Question 1

What is a condition?

Answer 1

A condition is an event that must occur to trigger some legal effect or outcome.

Question 2

What is an event?

Answer 2

An event is the uncertain occurrence of something that is not within control of the promisor–in the conditional gift context, the party promising to give a gift.

Question 3

What is a conditional gift?

Answer 3

A conditional gift pairs the concept of the gratuitous promise and a condition. The occurrence of the condition triggers the gratuitous promise.