Disguised Donation - Law Dictionary Search Results

Home Dictionary Name: disguised donation

disguised donation

disguised donation see donation ...

donation in disguise

donation in disguise :disguised donation at donation ...

donation 1 : the making of an esp. charitable gift 2 in the civil law of Louisiana : a voluntary transfer of ownership of property from one person to another compare sale dis·guised donation : a transfer of property (as a sale) that does not have a sufficient reciprocal consideration (as a proportional price) so that it is considered a gratuitous donation and must meet the statutory requirements for a donation (as a notarial act) to be valid called also donation in disguise compare simulation donation in·ter vi·vos [-in-tər-vī-vōs, -in-ter-vē-vōs] : a donation that transfers property owned by the donor and that takes effect upon the donee's acceptance compare gift inter vivos at gift donation mor·tis cau·sa [-mȯr-tis-kȯ-zə, -mȯr-tēs-ka-sÄ ] : a donation that is to take effect on the donor's death and that is revocable compare gift causa mortis at gift 3 : something that is transferred by a donation...

simulation

simulation in the civil law of Louisiana 1 : the act of simulating 2 : a contract that by mutual agreement does not express the true intent of the parties see also counterletter compare disguised donation at donation NOTE: Although a simulation does not have effect as between the parties, its lack of effect may not be asserted against third parties, such as creditors or bona fide purchasers, to avoid liability. ...

donate

donate do·nat·ed do·nat·ing vt : to transfer by a gift or donation vi : to make a donation compare give, sell ...

Donation

Donation, When a person gives money to another without any material return, he donates that sum. An act by which the owner of a thing voluntarily transfers the title and possession of the same from himself to another, without any consideration, is a donation, Commissioner of Expenditure v. Shri P.V.G. Raju (1976) 1 SCC 241: AIR 1976 SC 140: (1976) 1 SCR 1017. [Expenditure Tax Act, 1958, s. 5(j)]...

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Disguised Donation - Law Dictionary Search Results