Transfer of Property Act Section 122 — “Gift” defined

CHAPTER VII OF GIFTS

General

Summary

A gift is when a person, called the donor, voluntarily transfers ownership of specific property that already exists—whether movable or immovable—to another person, called the donee, without receiving anything in return. The gift only takes effect if the donee accepts it, either personally or through someone acting on their behalf. This acceptance must happen while the donor is still alive and still legally able to make the gift. If the donee dies before accepting the gift, the gift becomes invalid.

Official Text

“Gift” is the transfer of certain existing moveable or immoveable property made voluntarily and without consideration, by one person, called the donor, to another, called the donee, and accepted by or on behalf of the donee. Acceptance when to be made.—Such acceptance must be made during the lifetime of the donor and while he is till capable of giving, If the donee dies before acceptance, the gift is void.