Marcus executes deed to family farm and leaves

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Reference no: EM133710034

Question

Marcus executes a deed to the family farm and leaves it in his safe-deposit box for delivery to Beth when he dies. Marcus has died. Which of the following statements is true? The attempted gift will not be valid because Marcus did not deliver the gift during his lifetime. Beth is the rightful owner of the farm because the deed was properly executed. The attempted gift will not be valid because Beth did not have possession of the deed at the time Marcus died, Marcus did not need to have intended to a gift for the gift to be valid.

Reference no: EM133710034

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