(a) A gift in view of impending death is revoked by:
- (1) The giver’s recovery from the illness, or escape from the peril, under the presence of which it was made.
- (2) The death of the donee before the death of the giver.
(b) A gift in view of impending death may be revoked by:
- (1) The giver at any time.
- (2) The giver’s will if the will expresses an intention to revoke the gift.
- (c) A gift in view of impending death is not affected by a previous will of the giver.
- (d) Notwithstanding subdivisions (a) and (b), when the gift has been delivered to the donee, the rights of a purchaser or encumbrancer, acting before the revocation in good faith, for a valuable consideration, and without knowledge of the conditional nature of the gift, are not affected by the revocation.