Word 'Gift'

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..... om one person to another made gratuitously, and not upon any consideration of blood or money." A similar definition has been given in Webster's Third New International Dictionary (Unabridged) where the author defines Gift thus: "Something that is voluntarily transferred by one person to another without compensation; a voluntary transfer of real or personal property without any con .....

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..... ach other, that gifts are always gratuitous, grants are upon some consideration or equivalent." Thus, according to Lord Halsbury's statement the essential distinction between a gift and a grant is that whereas a gift is absolutely gratuitous, grant is based on some consideration or equivalent. Similarly in Volume 38 of Corpus Juris Secundum, it has been clearly stated that a gift is a tr .....

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