Applied Busines LAw

User Generated

Pehpxre2007

Business Finance

Description

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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Explanation & Answer

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the second condition is true because once anything is given to other person as a gift. the ownership also transfers

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