Select the best answer In determining whether a gift of a pa

Select the best answer. In determining whether a gift of a partnership interest has been conveyed in a bona fide transaction, all the following may be considered except A. the age of the donee. the degree of control retained by the donor. C. the donee\'s right to participate in management D. the manner in which the donor acquired the interest. B. Submit Answers

Solution

Bona fide

Bona fide represents the state of being genuine or not knowing the falut part of any transaction.

Answer : Except - A.

A. the age of the donee

Reason :

age of the donee is the factor which is in the minor side of the misrepresentation of actual fact and it would not affect the transaction.

B. - the degree of control retained by the donor is something which can be manipulated by the donor if he want.

C. - the donee\'s right to participate in management is also could be manipulated to obtain some gain from it by the donor.

D. - the manner in which the donor acquired the interest is also could be affected by the donor.