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A gift is a gift. Morally, once given, the giver has no more control over it and, it would be unbelievably rude and bad mannered to take it back for any reason. I cannot speak from a legal perspective, but I believe that that law will say something along the lines of "possession is nine tenths of the law". If the gift is to be returned, it would be at the discression of the recipient or, in the case of a child, if the parent regarded the gift as inappropriate for a child.

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Q: Can a person take back gifts that they bought for your children?
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