QUESTION 13
Joshua and Alyssa dated for two years before deciding to get married. Joshua gave Alyssa a $20,000 diamond ring for their
engagement. Two months later, Joshua ended the engagement without giving Alyssa a valid reason. Under the traditional rule
that uses a fault-based approach, .
1. Alyssa must return the ring
2. Alyssa may retain the ring, but only if she pays its fair value to Joshua
3. the ring must be sold and the proceeds divided between Joshua and Alyssa
4. Joshua cannot recover the ring