principle of gift

The principle of gift refers to the idea that a gift, once voluntarily given by the donor and accepted by the recipient, creates a binding legal obligation. It signifies that the giver intends to transfer ownership or rights without expecting anything in return. For a gift to be valid, there must be clear intent, delivery, and acceptance. Once completed, the gift is typically irrevocable, meaning the giver cannot reclaim it. This principle underpins many personal and legal arrangements, ensuring that genuine acts of giving are recognized and protected by law.