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Some courts hold that an engagement ring is a conditional gi

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Some courts hold that an engagement ring is a conditional gift that becomes an absolute (effective) gift only on marriage. Other courts conclude that when an engagement ring is given to the donee, the donee should have full ownership rights in the property.

Where do you stand on this issue?
Why?

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Solution Summary

Some courts hold that an engagement ring is a conditional gift that becomes an absolute (effective) gift only on marriage. Other courts conclude that when an engagement ring is given to the donee, the donee should have full ownership rights in the property.

Where do you stand on this issue?
Why?

Solution Preview

You stand on the side of the courts that believe the ring is a gift with full ownership rights, even if the wedding is called off or never happens. Some states, including Iowa, Kansas, Michigan, New Jersey, New Mexico, NY, PA, and Wisconsin believe that if the wedding is called off, the ring is the property of the buyer, and must be returned, regardless as to which party called off the wedding.

The reason that you agree with the ...

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