A gift is defined as the voluntary transfer of existing movable or immovable property without consideration from donor to donee, accepted by or on behalf of the donee. (!) [1000623690011]

For immovable property, a gift requires a registered instrument signed by or on behalf of the donor and attested by at least two witnesses. (!) [1000623690012]

For movable property, a gift may be effected by registered instrument or delivery. (!) [1000623690012]

A gift of future property is void. (!) [1000623690012]

A gift to multiple donees is void as to the share of a non-accepting donee. (!) [1000623690012]

Gifts may be suspended or revoked upon specified events not dependent on the donor's will, but revocable at the donor's mere will are void to that extent. (!) [1000623690012]

Gifts may be revoked in cases akin to contract rescission, excluding want or failure of consideration, and otherwise cannot be revoked except affecting transferees for consideration without notice. (!) (!) [1000623690012]

A conditional gift without acceptance recital or proof, where donor retains possession during lifetime, remains incomplete, allowing donor to retain title and cancel the deed. [1000623690014]

Reservation of donor's right to enjoy property during lifetime does not invalidate a gift if registered, executed, attested, and accepted during donor's lifetime while capable. [1000623690016]

Ownership can be gifted without immediate possession transfer, provided Section 122 conditions are met: voluntary, without consideration, and accepted. [1000623690017]

A deed executed for consideration, conditional on donee caring for donor, and effective only post-donor death, constitutes an incomplete gift revocable by donor. [1000623690018]

In factual scenario, donor (childless widow) executed deed expecting care and partial consideration, retained possession and enjoyment until death, later cancelled it; trial court decreed for donee, first appellate reversed for donor, high court reversed again, but Supreme Court allowed donor's appeal. [1000623690003][1000623690004][1000623690007][1000623690008][1000623690009][1000623690018] (!) (!) (!)

Document reserving donor's possession/enjoyment and post-death effect resembles will, not completed gift. [1000623690002][1000623690010]