Conditional Gift Law and Legal Definition
A conditional gift is one that is subject to or dependent on a condition. A conditional gift can be revoked if the recipient does not fulfill the conditions attached to the gift. A gift is a conditional gift and it is not final until some future event occurs. If the particular event does not occur, the person making the gift has the right to get back the gift. A common example of “conditional gift” is “A shall gift his car to C, if C is alive at A’s death.”
