Lucio executed a simple deed of donation of P50 million
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 doneesacceptedthe donationin writing.A, oneof thedonees, died.Will
B, C, D, and E getA’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.
Answers
Status NEW
Posted 21 Sep 2017 05:09 PM
My Price 8.00
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