Meg wants to give Lori a pair of diamond earrings. The earrings are located in Meg's...

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Meg wants to give Lori a pair of diamond earrings. The earrings are located in Meg's safety deposit box at the bank. Meg adds Lori's name to the safety deposit box due to COVID and Meg unable to leave the home. When Meg tells Lori that the earrings are hers but she had to go get them, Meg gives Lori the keys to the safety deposit box. Lori goes to the bank and retrieves the earrings. Two days later Meg dies and her sister claims Lori stole the earrings. 1) Who do the earrings belong to and why? 2) If this was an actual transfer of property, what kind was it? 3) What kind of ownership does Lori have of the earrings if she is the actual owner and not the sister? Meg wants to give Lori a pair of diamond earrings. The earrings are located in Meg's safety deposit box at the bank. Meg adds Lori's name to the safety deposit box due to COVID and Meg unable to leave the home. When Meg tells Lori that the earrings are hers but she had to go get them, Meg gives Lori the keys to the safety deposit box. Lori goes to the bank and retrieves the earrings. Two days later Meg dies and her sister claims Lori stole the earrings. 1) Who do the earrings belong to and why? 2) If this was an actual transfer of property, what kind was it? 3) What kind of ownership does Lori have of the earrings if she is the actual owner and not the sister?

Answer rating: 100% (QA)

1 The earrings belong to Lori because Meg the origi... View the full answer