Hold this for Cindy, Greg hands $10,000 to Bobby and says

Hold this for Cindy

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Question

Greg hands $10,000 to Bobby and says "Hold this for Cindy." Two days later, Greg dies. Cindy claims that Bobby must give her the $10,000. Bobby claims that the $10,000 is a gift and that he can keep the money because there was no written trust agreement. Who is correct? Explain.

Reference no: EM133577402

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