Your company policy does not allow any gifts over $50 from vendors, but this is a gift from the project customer, not a vendor, so it’s fine for this instance. 1 is incorrect. Management has already defined the scenario for acceptability. 2 is incorrect. You cannot accept a gift from a vendor worth more than $50 in value. 4 is incorrect. While there’s the potential that someone might possibly misconstrue the gift, the policy clearly states it’s for gifts from the vendor.