Reference no: EM131104654
Lucio executed a simple deed of donation of P50 million on time deposit with a bank infavor of A, B, C, D, andE, without indicating the share of each donee.
All the donees accepted the donation in writing. A, oneof thedonees, died. Will B, C, D, and E get A's share in the money?
A. Yes, accretion will automatically apply to the joint-donees in equal shares.
B. Yes, since the donor's intention is to give the whole of P50 million to the joint - donees inequal shares.
C. No, A"s share will revert tothe donor because accretion applies only if the joint-doneesare spouses.
D. No, A's share goes to hisheirs since the donation did not provide for reversion to donor.
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