Holiday Gift Baskets

In many human Holiday Gift Baskets societies, the action of mutually exchanging money, goods, etc. may contribute to social cohesion. Economists have elaborated the economics of gift-giving into the notion of a gift economy.

At common law, for a gift to have innocent effect, it was appropriate that there be (1) intent by the donor to give a gift, (2) acceptance of the gift by the donee, and (3) delivery to the donee of the consideration to be given as a gift.