The delivery of personal property by a parent into the exclusive possession of a child living separate from the parent creates a presumption of a gift to the child. This presumption may be rebutted by evidence of an actual contract of lending or by circumstances from which such a contract may be inferred.
(Orig. Code 1863, § 2621; Code 1868, § 2621; Code 1873, § 2663; Code 1882, § 2663; Civil Code 1895, § 3570; Civil Code 1910, § 4150; Code 1933, § 48-105.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 38 Am. Jur. 2d, Gifts, § 62.
C.J.S.- 38 C.J.S., Gifts, § 91.
ALR.
- Right of child en ventre sa mere to take under a conveyance or devise of present interest to parent and children, 50 A.L.R. 619.
Gift of automobile, 100 A.L.R.2d 1219.
Unexplained gratuitous transfer of property from one relative to another as raising presumption of gift, 94 A.L.R.3d 608.
Issuance of stock certificate to joint tenants as creating gift inter vivos, 5 A.L.R.4th 373.