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26 June, 20:22

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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  1. 26 June, 21:34
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    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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