In frequent human societies, the act 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 allowed effect, it was required that there be (1) intent by the donor to give a gift, (2) acceptance of the gift by the http://www.fancifullgiftbaskets.com donee, and (3) delivery to the donee of the dispatch to be given as a gift.