James and Maria dated for two years.On the event of their second anniversary,James gave Maria a $20,000 diamond engagement ring.Two months later,James called off the engagement without giving Maria any valid reason.Under the traditional rule:
A) James may not recover the ring as it was a gift made in contemplation of marriage.
B) Maria must return the ring as the engagement is broken by mutual consent.
C) the ring must be sold and the proceeds divided between James and Maria.
D) Maria may retain the ring only if she pays its fair value to James.
Correct Answer:
Verified
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