Two lovebirds were clearly ready to become married. James purchased an engagement ring and then proposed to his bride-to-be, Kathy. He gave her the engagement ring that he purchased for her. Over time the bliss was replaced with bickering and fighting. It was clear that the altar would not be the place for these two. After four months, James confronted Kathy and asked to end the engagement. After loud shouting and a bucket of tears, it was over.

James then asked for the ring back. After all, he did purchase the ring.

• Define a bailment:
• Leaving a coat at a restaurant's coat check room is a true form of Bailment. Is a ring the same since the guy provided the ring as a form of bailment?
• Was the ring an unconditional Gift?
• Who's Property is the Ring after the breakup? Explain why.