What is considered a 'gift' under R.A. No. 6713?

Under R.A. No. 6713, a 'gift' is understood as a right or property that is disposed of without expecting anything in return, which aligns with the definition provided in the context of option B. This means that any benefit or advantage given to a public official or employee must not involve any expectation of reciprocity. The law emphasizes transparency and the avoidance of conflict of interest, thus necessitating a clear boundary around what constitutes a gift to ensure ethical standards in public service.

The other options do not align with the formal definition of a gift. A personal favor, while generous, typically implies an expectation of a return benefit or service. A loan with conditions also fails to meet the criteria of a gift, as it involves an obligation to repay and potentially complicates the nature of the relationship due to the terms set. A promotional item from a business, while it might seem like a gift in casual contexts, could fall under promotional or business-related transactions rather than a gratuitous transfer of rights or property without expectations. Therefore, option B is the most accurate representation of a gift in the context of R.A. No. 6713.