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If you give a gift, the item in question is no longer yours.

However, if you loan an item, it is not a gift, and you do have the right to claim it back.

It is generally unacceptable to try to take back a gift that you have already given someone, and if they wish to keep it, they may.

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Q: If a gift is given does the gift exchange ownership. does the person who bought the gift have the right to claim it back once the exchange has taken place?
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