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RDG
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What I am
about to say is probably just a function of a tired brain. But what is there
to donative intent (from a legal, as opposed to spiritual perspective) other
than an intention to transfer my property to you for no consideration? I
have to confess that I am ignoring dividends and similar transfers here,
but if pressed, would be pleased to try explain those away. Section 238
reads to me like typical legislative "action, inaction or otherwise"-style
drafting.
-----Original Message----- I would have thought that one of the
essential features of a gift was donative intent. Certainly the Insolvency
Act (s339, s 238) assumes that gifts and payments other than for valuable
consideration are not synonymous. If this is incorrect as a matter of
law it would be a shame as the law would be strangely out of step with
every day language.
R
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