Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Traditionally, an engagement ring is used as a symbol of a couple's mutual promise to enter into marriage. In the absence of the contrary, engagement

Traditionally, an engagement ring is used as a symbol of a couple's mutual promise to enter into marriage. In the absence of the contrary, engagement rings are, in nature, a conditional gift. However, some states classify engagement rings as an unconditional gift. For instance, in Montana, the receiver or the donee gets to keep it regardless of whether the marriage happened. With this, it is important to take that there are two classifications of engagement rings: An unconditional gift: The giver/donor gives an unconditional gift outright A conditional gift: The receiver/donee accepted the gift in contemplation of marriage

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Business Law and Its Environment

Authors: Richard schaffer, Filiberto agusti, Beverley earle

7th Edition

78-0324649673, 324649673, 978-0324649659

More Books

Students also viewed these Law questions