I think sadly yes, I have seen it many times in life, and even on VMK.
Like once, I decided to give my only dream shirt to a friend (and was luckily gifted one back by LadyDooley

). Then, when I asked her if I could borrow her dream shirt I gave her, she said she had traded it! I had specifically told her to not trade it, and yet she still gave away the present I had given to her kindly!