Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

WEDDING DAY BLUES Dr. Bob, age 58, is an extremely wealthy, attractive, and physically fit local surgeon who has never married. One day, while working

WEDDING DAY BLUES

Dr. Bob, age 58, is an extremely wealthy, attractive, and physically fit local surgeon who has never married. One day, while working out at a local health club, Dr. Bob meets Susie, who is extremely attractive and extremely intelligent, having a doctorate degree from a prestigious institution. The two start dating, and Dr. Bob showers Susie with gifts (fur coat, television, VCR, jewelry, works of art, etc.). After several months, they announce the date of their wedding, which is six months away. He gives her a lavish diamond engagement ring and continues to shower her with gifts (personal computer, sports car, shares of stock, stereo system, microwave oven, additional jewelry). They fly to Paris to celebrate their engagement, with Dr. Bob paying for the entire trip, although Susie offers to share the cost. On the date of the wedding, Dr. Bob is there, but Susie is a no show. She has loaded up her gifts and moved to another town. Dr. Bob hires an investigator, who serves Susie with papers to rescind all the gifts Dr. Bob made or, if she does not have the articles, to obtain the fair market value of the gifts. Susie maintains that there was intent and delivery, and because the gifts are executed, Dr. Bob cannot get them back. Susie has made a living doing this to men all over the country. 1.) Should Susie be allowed to keep all of the gifts? What items, if any, should Dr. Bob get back/ receive payment for? (use the law of gifts to support your argument)

2.) What is your legal argument for Dr. Bob?

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_2

Step: 3

blur-text-image_3

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

Financial Accounting Information For Decisions

Authors: Robert w Ingram, Thomas L Albright

6th Edition

9780324313413, 324672705, 324313411, 978-0324672701

More Books

Students also viewed these Accounting questions

Question

How many valence electrons does carbon have?

Answered: 1 week ago

Question

T F Accountability is created, not delegated.

Answered: 1 week ago