QUESTION
Do you have to give back a cash gift if the giver demands it back?
Asked on Nov 04th, 2020 on Contracts - California
More details to this question:
A relative of mine gave me a cash gift of $2,000 to go towards the purchase of my car. I have since decided to distance myself from said relative, and because of that, they are demanding I pay them the $2,000 in cash now. Is this legal? Do I have to pay them back?
1 ANSWER
No, if the judge or jury believes you that it was an unconditional gift, you don't have to return it. If, however, your relative testifies that it was a loan, or payment for something you were supposed to do (i.e. payment for doing his/her landscaping for the next year) or some sort of conditional gift (i.e. $2,000 if you enrol in college and get your degree), you could lose.
Answered on Nov 04th, 2020 at 1:35 PM