Which of the following is true regarding property dealings with minors?

A minor may indeed receive property as a gift, but they cannot sell or encumber it without the involvement of a guardian. This is rooted in the legal principles that recognize minors as individuals who may not have the full capacity to enter legally binding contracts. Therefore, while they can hold property received as a gift, the transaction of selling or managing the property requires oversight to protect the minor's interests.

Options indicating that minors cannot own property, can sell property without guardian approval, or cannot receive gifted property do not accurately reflect the legal realities surrounding property ownership and transactions for minors. The law specifically allows minors to receive property gifts, recognizing their ownership rights while imposing safeguards through the necessity of guardian involvement for transactions.