Couple mutual promise to enter into marriage

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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

Reference no: EM133710009

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