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DONORS TAX

Problem 6-1
1.False there is no consideration in donation.2.False during the lifetime of the
donor.3.True4.False It is enough that the duly representative of the incapacitated donee to
receive thedonation.5.True6.False Real property donation must be put in writing regardless of
value.7.True8.False The value of donated personal property must exceed
P5,000.9.True10.True11.False not gifts.12.False constitutes dividend income.13.True