There are laws. The Civil Code stipulates the gift contract. A gift contract is a contract in which the donor gives his property to the donee free of charge and the donee expresses his acceptance of the gift. It can be seen that the most striking feature of the gift contract is single service and compensation. As the subject matter of a gift contract, a gift is usually understood as a free gift. Because in the gift contract, the donor can't get pure benefits in economic interests, but the donee gets pure benefits. From the perspective of value balance, the law stipulates that the donor generally does not bear the responsibility of guaranteeing the defects of the gift.

Legal basis:

Article 657 of the Civil Law of People's Republic of China (PRC) is a gift contract in which the donor gives his property to the donee free of charge and the donee expresses his acceptance of the gift.

Article 658 The donor may revoke the gift before the right to donate the property is transferred. The provisions of the preceding paragraph shall not apply to notarized gift contracts or gift contracts with public welfare nature and moral obligations such as disaster relief, poverty alleviation and disability assistance, which are irrevocable according to law. Article 659 If the donated property needs to go through registration or other formalities according to law, it shall go through the relevant formalities.

Article 660 If the donor fails to deliver the donated property in a notarized gift contract or a gift contract with public welfare nature such as disaster relief, poverty alleviation and disability assistance and an irrevocable moral obligation according to law, the donee may request delivery. If the donated property that should be delivered in accordance with the provisions of the preceding paragraph is damaged or lost due to the intentional or gross negligence of the donor, the donor shall be liable for compensation. Article 66 1 Gifts may be accompanied by obligations. If the gift is accompanied by obligations, the donee shall perform the obligations as agreed.

Article 662 Where the donated property is defective, the donor shall not be liable. If the donated property is defective, the donor shall bear the same responsibilities as the seller within the scope of obligations. If the donor intentionally fails to inform of the defects or fails to guarantee that there are no defects, thus causing losses to the donee, he shall be liable for compensation.

Article 663 Where the donee is under any of the following circumstances, the donor may revoke the gift: (1) seriously infringing upon the legitimate rights and interests of the donor or his close relatives; (2) Failing to perform the maintenance obligation to the donor; (3) Failing to perform the obligations stipulated in the gift contract. The donor's right of revocation shall be exercised within one year from the date when he knows or should know the reason for revocation.

Article 664 Where the donor dies or loses his capacity for civil conduct due to the donee's illegal act, the donor's successor or legal representative may revoke the gift.

The right of revocation of the donor's heir or legal representative shall be exercised within six months from the date when he knows or should know the reason for revocation.

Article 665 Where the revocation right holder revokes the gift, he may request the donee to return the donated property.

Article 666 Where the donor's financial situation has deteriorated significantly, seriously affecting his production, operation or family life, he may no longer perform his gift obligation.