Texas Business and Commerce Code 621.154 – Certificate Permitted for Lodging, Airfare, Trip, or Recreational Activity
Current as of: 2024 | Check for updates
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Terms Used In Texas Business and Commerce Code 621.154
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
An offeror may give the recipient of a gift or prize involving lodging, airfare, a trip, or a recreational activity a certificate that evidences the recipient’s right to the gift or prize.