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One night, Jack takes a knee, reveals a diamond ring, and asks Jill to marry him.Jill says yes, accepts the ring, and the two agree to marry.The first installment in this series discussed when a young man may need a lawyer and how he can go about finding the right one. The rest, however, face one of the least coveted life events around: a broken engagement.Moving into more specific issues, this article addresses rightful possession of an engagement ring when an engagement is called off. When the best laid plans go awry, what happens to the engagement ring, given in anticipation of marriage?
However, because his gift is complete, the gift is irrevocable.If the condition does not occur, i.e., if the parties do not marry, then the gift is not completed and ownership of the ring reverts to the individual who gave (and presumably purchased) the ring.Under this approach, courts refuse to consider which party is to blame for the failed engagement.However, Jill gets cold feet and backs out of the engagement.In a state following the conditional gift approach, the engagement ring reverts to Jack because the condition upon which the ring was given, a marriage between the parties, never occurred.
However, the gift is often conditional, given in anticipation of a marriage between the parties.