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Promise of a Gift


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A promise of a gift is recognized as a gift agreement and binds the person making the promise if the promise is made in the proper form (paragraph 2 of article 574) and contains a clearly expressed intention to perform, in the future, a gratuitous transfer of property or a right to a specific person or to release them from an obligation involving property (ceased to be in force as of 2018-07-29)1.

  1. Civil Code of the Russian Federation (Part Two) dated 26.01.1996 No. 14-FZ, amended on 1996-08-12, article 572, paragraph 2, ceased to be in force as of 2018-07-29 // Official Gazette of the Russian Federation. 1996. No. 5. Article 410. ↩

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