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Section II.
Gift.[1]

549.

A gift is where one party expresses his intention to give property of his own to the other party without consideration, and the other party expresses his acceptance.

550.

A gift not expressed in writing can be rescinded by either party, except so far as performance has already been made.

551.

The donor is not liable for defects or deficiencies in the thing or right forming the subject of the gift, unless he knew of such defect or deficiency and did not inform the donee thereof.

In case of a gift subject to a charge the donor is to the extent of the charge liable as if he were a seller.

552.

A gift to be made by instalments ceases to have effect on the death of either the donor or the donee.

553.

To a gift subject to a charge the provisions relating to bilateral contracts apply in addition to those of this Section.

  1. ↑ Donatio in Roman Law.
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