A "A transfer of stock of a cooperative corporation between family members for no consideration constitutes a gift," said Eliot Zuckerman, a Manhattan real estate lawyer.
The Clintons have frequently argued that because they lost money on Whitewater nothing unethical could have occurred — as if what seems to amount to the forgiving of a debt on McDougal's part did not constitute a gift.
During his hearing, Judge Robertson said he had reviewed the state's ethics laws at the time and found that his arrangements with the governor fell under an exception for volunteer services, and thus did not constitute a gift.
The judge, James K. Robertson, was approved as a full-fledged judge by a legislative committee last month after he testified that he had researched the state's ethics guidelines and determined that his arrangements with the governor did not constitute a gift, and were therefore allowable.
Joint tenancy can give rise to an estate or gift tax liability, though; just putting down 100% of the down payment would constitute a gift to the other owner.
Unlike worksheets and book reports and papers, education-oriented character traits constitute a gift of learning that keeps on giving.
Not only because I helped to grow them but because they constitute a gift of man to Nature, and a gift of the Jews to the cradle of their culture".
A more conservative author, on the other hand, viewed the 5% as usury, unless it constituted a spontaneous gift from the commune to the citizen and as long as the citizen did not intend to profit.
The only charge the committee cleared him of was an accusation that his involvement with the effort to build the school, the Charles B. Rangel Center for Public Service, constituted an improper gift because it would provide him with an office and an archivist to oversee his papers after he retires.
Finally, participants were shown a range of branded and plain packs from which they could select one as a free gift, which constituted a behavioral measure of appeal.
