The voluntary and gratuitous transfer of property without consideration is known as which term?

• A. Donation
• B. Gift
• C. Grant
• D. Bequest

Answer: (B)

The key idea is a gift. A gift is a voluntary, gratuitous transfer of property without consideration, given with donative intent and accepted by the recipient. This differs from other transfers in important ways: a bequest is a gift made under a will and takes effect at death, not during the donor’s life; a grant is a transfer of rights or property often issued by a government or organization and may come with conditions; a donation is similar to a gift but is typically used in charitable or formal fundraising contexts. The defining feature here is the absence of consideration and the voluntary nature of the transfer, which makes gift the correct term.