Legal Question in Civil Litigation in Texas
Engagement Ring that SHE financed in HER name
My situation is this, I'm the dude, my ex, the girl, signed a finance agreement with a jewlery store for the engagement ring. While we were engaged I was making payments. We called it off, she gave back the ring, so I had it and kept making payments because I had it, well she asked for it back because it was on her credit, I gave it back, made a few more payments then stopped. In the meantime she made another purchase at the store on the same credit account. During this time no payments were made, she then calls me to ''settle'' the account, her argument is that I should payoff the entire balance and she keep the ring. Now, remember, it is a credit agreement she signed, I am not the co-signer, and she still has the ring, so essentially she has the ring and is asking for $5,000 to payoff the balance of HER credit agreement. Am I liable or am I ''off the hook''? She is contemplating taking me to small claims court.
1 Answer from Attorneys
Re: Engagement Ring that SHE financed in HER name
It seems as though she bought herself her own engagment ring. The reason she bought it, however, is because she detrimentally relied on the promise you made to marry her (engagment). If you were the party who breached the agreement to marry, she may have a cause of action for the breach of the agreement and seek to recover losses from you. But I can't see the ring itself as a loss because she has possession of it. If calling off the marriage was a mutual decision or her decision alone, then it is likely that you are "off the hook" with regard to other losses she suffered. I don't see how you have any liability for the ring.
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