Some courts hold that an engagement ring is a conditional gi
Not what you're looking for?
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?
Purchase this Solution
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 ...
Purchase this Solution
Free BrainMass Quizzes
Motivation
This tests some key elements of major motivation theories.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.