Get engaged to marry on valentine day

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Reference no: EM131808240

1. Paul and Paula get engaged to marry on Valentine's Day and Paul gives Paula a diamond ring The wedding is called off. Paula claims the diamond ring was a Valentine's Day gift and Paul claims it was a gift because they got engaged. Why is each of them claiming that the ring was given for different reasons?

2. Alyssa and Ben are married. They buy a house for $300,000 for cash. Ben borrows $35,000 from Citibank to start a business. The business fails and Ben defaults on the loan to Citibank, Citibank tries to recover against Ben's share of the house. How are Citibank's rights affected by whether Alyssa and Ben owned the house as tenants in common or as tenants by the entirety?

Reference no: EM131808240

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