Conditional Gift
A gift that will only be made upon the satisfaction of specific circumstances, which are named by the person making the conditional gift.
For Example:
"I give $25 to John if he agrees to care for my pets."
This gift is conditioned upon John agreeing to care for the pets and John will not receive the gift without first agreeing to do so.
A gift that will only be made upon the satisfaction of specific circumstances, which are named by the person making the conditional gift.
For Example:
"I give $25 to John if he agrees to care for my pets."
This gift is conditioned upon John agreeing to care for the pets and John will not receive the gift without first agreeing to do so.