BATTAGLIA, J.
John Russell Ver Brycke III, and his wife, Barbara P. Ver Brycke (“the Ver Bryckes” or “the parents”) brought this case against their son, John Russell Ver Brycke IV (“John”), and his former wife, Lisa M. Ver Brycke, now Lisa Feehely (“Lisa”). In 1992, the Ver Bryckes provided $200,000 to John and Lisa in order to help them buy Rabbit Hill, a house located next door to the Ver Bryckes in Anne Arundel County. The Ver Bryckes wanted John and Lisa next door because they wanted to be close to their grandchildren, and they expected John and Lisa to care for them in their old age. John and Lisa never moved into Rabbit Hill, however, and they subsequently divorced. The Ver Bryckes brought this [674]*674case in order to recover the $200,000 they turned over to John and Lisa.
The facts of this case are complicated, and many of the issues are intertwined. The parties presented the following questions for our review:
Lisa asks:
1. If an alleged agreement, condition or promise to perform life time support, is not written, or referenced in a deed of trust that secures an interest in land, does that agreement, condition or promise to perform, satisfy the Statute of Frauds under Maryland Code, Real Property § 5-104 and Maryland Code, Real Property § 4-106?
2. If an agreement condition or promise to perform life time support, is not identified nor affirmed as part of the consideration or as an obligation specified in a deed of trust securing an interest in land, can it be valid and be afforded a twelve (12) year Statute of Limitations as a document under seal pursuant to Maryland Code, Courts and Judicial Proceedings § 5-104 and satisfy the affidavit requirement of Maryland Code, Real Property § 4-106, that in order for a deed of trust to be valid unless the parties must affirm that the consideration as set forth therein is true?
The Ver Bryckes ask:
a. Did the Court of Special Appeals err in reversing the trial court’s judgment regarding the statute of limitations. More specifically:
i. Did the Court of Special Appeals err in reversing the trial court’s determination that the statute of limitations does not bar Plaintiffs’ claims based upon unjust enrichment and detrimental reliance where the Court of Special Appeals based its reversal upon the jury’s answer to one special issue which the Court of Special Appeals acknowledged to be “ambiguous,” and where the Court of Special Appeals resolved the ambiguity contrary to the judgment of the trial judge?
ii. Did the Court of Special Appeals err in its holding as to when the statute of limitations for causes of action [675]*675based upon unjust enrichment and detrimental reliance would begin to run?
iii. Did the Court of Special Appeals err in holding as a matter of law that the Plaintiffs’ alleged knowledge of an anticipatory breach of a condition established the date that the Plaintiffs’ causes of action for unjust enrichment and detrimental reliance accrued?
b. Did the trial court and the Court of Special Appeals err in failing to apply Maryland precedent from this Court providing for prejudgment interest as a matter of right in cases where the money claimed by a plaintiff is a definite sum that has actually been used by the other party?
In short, we must consider whether the Court of Special Appeals erred when it applied the twelve-year statute of limitations period1 rather than the three-year statute of limitations period2 to the Ver Bryckes’ claim against John and Lisa. To resolve this question, we must explore whether the gift to John and Lisa was conditional or absolute. Because we determine that the Ver Bryckes gave a conditional gift to John and Lisa, we must then examine when a limitations period begins to toll should a conditional gift fail.
Furthermore, because we disagree with several aspects of the Court of Special Appeals’ opinion regarding whether the [676]*676parents’ cause of action sounded in law and or equity, we delve into a discussion of remedies at law and in equity. Finally, we shall consider whether the intermediate appellate court erred when it affirmed the trial court’s denial of the Ver Bryckes’ claim for pre-judgment interest.
We agree with the Court of Special Appeals that the Ver Bryckes’ gave John and Lisa a conditional gift of $200,000, but we believe that the Court of Special Appeals erred when it held that the three-year statute of limitations period barred a portion of the Ver Bryckes’ claim, amounting to $40,000, but that the twelve-year statute of limitations period did not bar $160,000 of their claim, which was secured by a deed of trust. Because we reach these conclusions, we need not consider Lisa’s claims as to whether an unwritten agreement involving a conditional promise satisfies the Statute of Frauds or whether a conditional promise to provide life support is valid and thus is afforded the twelve-year statute of limitations period for documents under seal.
We also conclude that, when characterizing whether a claim sounds in law or equity, courts should look to the remedies sought. We affirm, however, the intermediate appellate court’s denial of the Ver Bryckes’ claim for pre-judgment interest.
I. Background
A. Facts
In 1992, the Ver Bryckes provided $200,000 to their son, John, and his wife, Lisa, in order to help John and Lisa buy Rabbit Hill, a property located next door to the Ver Bryckes in Anne Arundel County on the Severn River. The Ver Bryckes wanted to create a “family compound,” so as to be close to their grandchildren and so that John and Lisa would be able to care for them in their old age.
The three-acre property included a house and a guest cottage, and its listing price was $750,000. In order to purchase the property, the Ver Bryckes, John, Lisa, and John’s sister, Pamela Ver Brycke, decided to pool their re[677]*677sources and developed a purchase plan whereby the Ver Bryckes would borrow $200,000 from Norwest Mortgage, Inc., by securing a thirty-year mortgage against their home. They then would give this money to John and Lisa. Pamela would contribute $200,000 in return for the right to purchase the guest cottage located on one acre of the parcel. Finally, John and Lisa would borrow $300,000, by securing a mortgage against the main house on two acres of the property; they also would contribute $50,000 of their own money from savings. The result would be that John and Lisa would own two acres of the property and the “main house” and that Pamela would own the guest cottage and one acre of the property.
On August 10, 1992, the pater, John Ver Brycke, signed a “gift letter” to Norwest Mortgage, stating that he would give a “gift of $200,000” to his son and that it was “a bona fide gift, and there is no obligation, expressed or implied either in the form of cash or future services to repay this sum at any time.”3 One month later, on September 10, 1992, the pater, John Ver Brycke, consulted his estate attorney, Ronald Holden, about tax consequences that would result from the gift of $200,000 to John and Lisa. On September 11, 1992, Holden replied:
You have asked me to summarize the substance of my recommendations concerning your desire to make a gift of $200,000.00 unto your son and his wife by use of the annual $10,000.00 gifting rule. As you are aware, each of you as individuals is permitted to give up to $10,000.00 per calendar year unto any number of individuals. Thus, each of you may give $10,000.00 per year unto John and $10,000.00 per year unto his wife, Lisa. This represents a total of $40,000.00 per year.
You expressed the desire that in making the proposed gift/ loan gift of $200,000.00 you did not want to use up any of [678]*678your $600,000.00 unified credit (which is available under Federal Gift Tax Laws). During our meeting, I cautioned that if you were to set up a situation whereby John signed a $200,000.00 note and religiously, each calendar year, you forgave $40,000.00 of such note, there is a risk that the IRS will take the position that the entire gift of $200,000.00 was made in 1992 versus being made in increments of $40,000.00. I advised that this risk is even greater if your son and his wife did not make the customary interest and principal payment expected in [ajrmslength mortgage transactions. You stated that notwithstanding the above potential risk, you would like to proceed to attempt to qualify the gifts as being made in $40,000.00 increments.
Based upon the above objective I have recommended to you the following:
1. On settlement day, I recommend that each of you write over your separate signatures a $10,000.00 check to John and each of you write over separate signatures a $10,000.00 check to Lisa. If you follow this procedure, you will not have to file any kind of Gift Tax Return.
2. On settlement day, instruct [settlement agents] Feldman and Bernstein to prepare for you a $160,000.00 mortgage note to be signed by John and Lisa. The amount due should be amortized over 30 years at an interest rate of 6%.
3. In January of 1993 and each subsequent year thereafter, you will plan to forgive $40,000.00 of the debt.
4. John and Lisa should make regular mortgage payments to you each month, beginning November 1st....
On September 30, 1992, John and Lisa bought Rabbit Hill. At the settlement, the pater, John Ver Brycke, wrote a check for $160,000 to be held in an escrow account at the title company handling the transaction. In addition, he and his wife each wrote four separate checks for $10,000 to John and Lisa who immediately endorsed the checks, totaling $40,000, to the title company. Then the Ver Bryckes had sixteen promissory notes drawn up for $10,000 each and executed a purchase money deed of trust granting them a lien, secondary to [679]*679Norwest Mortgage’s first deed of trust, on Rabbit Hill.4 After Pamela Ver Bryeke, John’s sister, contributed $200,000 towards the total $750,000 purchase price, John and Lisa conveyed the one acre parcel containing the guest house to her. As a result, with the Ver Bryckes’ $200,000 gift and after borrowing $300,000 from Norwest Mortgage and contributing $50,000 of their own funds, John and Lisa acquired Rabbit Hill, consisting of the main house and two acres after Pamela’s one-acre parcel conveyance, for $550,000.
John and Lisa never moved into Rabbit Hill, although, after the settlement, John and Lisa did begin renovating Rabbit Hill. John believed it was not habitable, so they lived with the Ver Bryckes, until the summer of 1993, when John and Lisa moved to the parents’ summer cottage in Sherwood Forest, which is also located in Anne Arundel County.
While John and Lisa worked on Rabbit Hill, the Ver Bryckes followed Holden’s advice and cancelled the $10,000 notes in 1993 and 1994, totaling $80,000. The Ver Bryckes wrote “cancelled” on the bottom of the notes and signed their names. They kept all of the notes, both cancelled and otherwise, in their safety deposit box.
In 1994, John and Lisa borrowed an additional $100,000 from Norwest Mortgage to pay for renovations at Rabbit Hill. Instead of using the money for Rabbit Hill, however, John and Lisa used it to renovate the Ver Bryckes’ cottage in Sherwood Forest.
In 1995, Rabbit Hill remained uninhabitable. Lisa maintained, however, that she continued to want to live there. Meanwhile, the Sherwood Forest renovations were completed. The parents did not cancel the notes for 1995 and 1996.
In 1997, John and Lisa separated. Divorce proceedings began in January 1998. In July 1998, the Ver Bryckes recorded the deed of trust executed on September 30, 1992, as security for the $200,000.
[680]*680In November 1999, John and Lisa contracted to sell Rabbit Hill for $980,000, and the settlement was scheduled for March 1, 2000. John and Lisa divorced on October 2, 2000.
B. Procedural History
On March 23, 1999, naming John and Lisa as defendants, the Ver Bryckes filed a Complaint for Declaratory Decree in the Circuit Court for Anne Arundel County asking the court to declare their respective rights and obligations arising out of the $200,000. Lisa filed a counter and cross claim in July, arguing, among other things, that the $200,000 was a gift. The Ver Bryckes answered Lisa’s counter and cross claims on July 13,1999, denying Lisa’s claims.
After John and Lisa contracted to sell Rabbit Hill but prior to the settlement date scheduled for March 1, 2000, the Ver Bryckes sent a copy of the deed of trust and a payoff statement to the settlement attorney for Rabbit Hill, calculating a balance due to them of $231,197.81 as of February 23, 2000 and advising that they would not release their deed of trust note unless they were paid the balance to them at closing. In response, Lisa moved for emergency ex parte relief, in the original action, and requested that the proceeds of the sale be placed in escrow to allow the closing to proceed.
On March 1, 2000, the date John and Lisa completed the sale of Rabbit Hill, the Circuit Court for Anne Arundel County placed the entire net proceeds of the sale in escrow and ordered that the case be scheduled for trial. John and Lisa paid off their first mortgage lien. The remaining profit, $547,224.54, was placed into an escrow fund pursuant to court order.
Amending their complaint to address the fact that Rabbit Hill had been sold, on December 7, 2000, the Ver Bryckes filed their first-amended complaint, alleging, among other things, that they “never intended to make a completed gift of $200,000” and that “they would not have advanced the funds” to John and Lisa if they had not agreed to purchase and occupy Rabbit Hill. The Ver Bryckes supported their claim [681]*681for declaratory and equitable relief with the following theories: breach of deed of trust and notes, unjust enrichment, and promissory estoppel. John did not contest his parents’ claims. Lisa answered, again maintaining, among other things, that the $200,000 was an absolute gift. On May 8, 2001, the Ver Bryckes again amended their complaint and requested a judgment of $450,000 against John and Lisa, including the additional argument that, under their unjust enrichment theory, the Ver Bryckes should receive a pro rata share of the profit John and Lisa earned received from the sale of Rabbit Hill.
In November 2001, after a five day trial, based on the jury’s findings that the Ver Bryckes gave a conditional gift of $200,000 to John and Lisa, the trial court entered judgments in favor of the Ver Bryckes on their unjust enrichment and promissory estoppel claims.5
[683]*683On November 15, 2001, Judge Nancy Davis-Loomis ordered that the escrow agent pay the Ver Bryckes $200,000 with post judgment interest at a rate of 10% “based upon the jury’s findings in favor of the Plaintiffs ... and the Court’s own consideration of the evidence.” Lisa moved for judgment notwithstanding the verdict. She argued that, if the Ver Bryckes indeed had made a conditional gift, the general three-year statute of limitations in Md.Code (1974, 2002 Repl.Vol.), Section 5-101 of the Courts & Judicial Proceedings Article barred their recovery because the jury found that the Ver Bryckes knew that their conditional gift would not be satisfied on or before January 1, 1995 and the Ver Bryckes did not file suit until 1999.6 Judge Davis-Loomis denied the motion.
[684]*684Moving to alter or amend the judgment, the Ver Bryckes also moved for judgment notwithstanding the verdict. They argued that they, under the unjust enrichment theory, were entitled to a pro rata portion of the Rabbit Hill profits. They also argued that they were entitled to an award of prejudgment interest. Judge Davis-Loomis denied this motion as well.
Lisa appealed. She again maintained that, if the Ver Bryckes indeed had made a conditional gift, the general three-year statute of limitations barred their recovery of that gift because the Ver Bryckes filed suit in 1999 and the jury found that the Ver Bryckes were “aware that the conditions could not be satisfied on or before January 1, 1995.” Ver Brycke v. Ver Brycke, 150 Md.App. 623, 640, 643, 822 A.2d 1226, 1236, 1237 (2003).
The Ver Bryckes cross-appealed, continuing to argue that the $200,000 was a conditional gift and that the statute of limitations did not bar their claim because they could not have known that their the condition failed until “the sale of the house made the performance of the condition impossible.” Id. at 640, 822 A.2d at 1236. They also argued that they were entitled to the profits from Rabbit Hill’s sale under their unjust enrichment theory. Id. at 655, 822 A.2d at 1245.
The Court of Special Appeals reduced the trial court’s judgment by $40,000. Id. at 658, 822 A.2d at 1246. With respect to the statute of limitations issue, the Court of Special Appeals first explained that Maryland uses the “discovery rule” to determine when the statute of limitations period is “triggered.” Id. at 641, 822 A.2d at 1236. Under the discovery rule, “before an action is said to have accrued, a plaintiff must have notice of the nature and cause of his or her injury.” Id. at 641, 822 A.2d at 1237 (quoting Frederick Rd. Ltd. P’ship v. Brown & Sturm, 360 Md. 76, 95-96, 756 A.2d 963, 973 (2000)).
The intermediate appellate court then examined Question 3C, the question posed to the jury raising the statute of limitations issue. Id. at 643, 822 A.2d at 1237. Question 3C [685]*685asked: “If you find by preponderance of the evidence that the Plaintiffs, Mr. and Mrs. Ver Brycke, III, made a conditional gift, were Plaintiffs aware that the conditions would not be satisfied on or before January 1, 1995?” Id. Noting that the Ver Bryckes argued that the question did not indicate whether the jury concluded that the condition could never be satisfied, the Court of Special Appeals determined that the question was “ambiguous,” stating:
The words “on or before January 1, 1995” could modify the word “satisfied,” rather than the word “aware.” If the date modifies the word “satisfied,” the interrogatory would not resolve the statute of limitations issue, which turned on whether the Ver Bryckes were aware before January 1, 1995 that the condition of their gift would not be met. The question would only resolve the statute of limitations issue if “on or before January 1, 1995” is interpreted to modify the word “aware.”
Id. at 643, 822 A.2d at 1237-38 (emphasis in original). The Court of Special Appeals then observed, however, that the Ver Bryckes’ counsel interpreted Question 3C as Lisa did, because he urged the jury to answer “no” to the question. Id. at 643, 822 A.2d at 1238. The intermediate appellate court furthermore determined that the Ver Bryckes’ counsel “knew that the interrogatory was ambiguous before it went to the jury” and, as such, had the burden to object to its inclusion under Maryland Rule 2-522(c).7 Id. at 643-44, 822 A.2d at 1238. [686]*686Because the Ver Bryekes did not object to the question, the Court of Special Appeals reasoned, they “must live with the consequences of that decision.” Id. at 644, 822 A.2d at 1288.
Although the Court of Special Appeals concluded that the Ver Bryekes forfeited their right to object to Question 3C, they nevertheless held that the statute of limitations barred only $40,000 of the judgment. Id. Before doing so, the intermediate appellate court first rejected the Ver Bryekes’ argument that “the statute of limitations on their claim that the condition of the gift failed did not begin to run until the sale of Rabbit Hill made the performance of that condition impossible, rather than at the time they became aware that [687]*687the condition would not be satisfied.” Id. In a conditional gift situation, the Court of Special Appeals went on to explain that, under the holding in Grossman v. Greenstein, 161 Md. 71, 155 A. 190 (1931), “the right to recover the gift depends on the failure of the condition.” Ver Brycke, 150 Md.App. at 645, 822 A.2d at 1238. The intermediate appellate court then concluded that the Ver Bryckes’ argument was “incompatible” with this teaching because “the jury clearly found that the Ver Bryckes were aware on or before January 1, 1995 of Lisa and John’s intent” never to live at Rabbit Hill. Id.,Id., 822 A.2d at 1239.
The Court of Special Appeals then distinguished between the three-year statute of limitations applicable to civil actions at law and laches, limitations for equitable actions, which “depend upon the nature of the actions under consideration.” Id. at 645-46, 822 A.2d at 1239. The intermediate appellate court described the Ver Bryckes as having asserting three claims — conditional gift, unjust enrichment, and promissory estoppel. Id. at 647, 822 A.2d at 1240. It then proceeded to classify these claims, concluding that the unjust enrichment and promissory estoppel claims were “traditional equitable actions” and that the conditional gift claim was a legal action. Id. at 647-49, 822 A.2d at 1240-41. In order to determine the limitations period for equitable actions, the intermediate appellate court explained that the same limitations period for an “analogous” legal remedy applies. Id. at 646, 822 A.2d at 1239 (quoting Grandberg v. Bernard, 184 Md. 608, 611, 42 A.2d 118, 119 (1945)(stating “if the remedy sought in equity is analogous to a remedy cognizable at law, and the statute of limitations prescribes a time within which the legal action must be instituted, equity will follow the law and bar the action”)). The Court of Special Appeals then compared all three of the Ver Bryckes’ claims with a “legal action for restitution,” concluding that:
Here, the parties’ relationship altered when Lisa and John’s plans to live at Rabbit Hill did not materialize, and the [688]*688condition of the gift failed. Because the gift was money, and the Ver Bryckes were seeking to recover money damages, they could have brought a legal action for restitution. Accordingly ... the statute of limitations applicable to the claim for recovery of a conditional contract, unjust enrichment, and promissory estoppel was the three year statute generally applicable to suits at law under CJ section 5-101.
Id. at 650-51, 822 A.2d at 1242.
In this way, comparing the Ver Bryckes’ equitable remedies claims for relief to restitution, the Court of Special Appeals then concluded that $40,000 of the $200,000, because it was not secured by the deed of trust, “expired, as a matter of law, before the Ver Bryckes filed their complaint.” Id. at 651, 822 A.2d at 1242. It concluded the following:
Because the Ver Bryckes failed to file suit within three years of knowing that Lisa and John would not satisfy the condition that they live at Rabbit Hill, we hold that their claim was partially barred by the statute of limitations. The bar of the statute is limited, however, to $40,000 of the $200,000 gift, because that amount was unsecured. With respect to the $160,000 balance of the conditional gift that was subject to a deed of trust, the 12 year statute of limitations applied, and the Ver Bryckes’ principal claim in this amount was not time-barred. We also hold that the jury’s finding that there was a conditional gift is supported by the evidence. Regarding the Ver Bryckes’ cross-appeal, we hold that the Ver Bryckes are not entitled to disgorgement of profits or prejudgment interest as a matter of right.
Id. at 627-28, 822 A.2d at 1228. The Court of Special Appeals reached this result by explaining that, in addition to a suit in law or in equity, the Ver Bryckes also possessed a remedy provided by the deed of trust. Id. at 651, 822 A.2d at 1242. As that court explained, the “deed of trust recites that it secures unto the Ver Bryckes the sum of $160,000, and the debt is ‘evidenced by Borrower’s note ..., which ‘provides for monthly payments, with the full debt, if not paid earlier, due and payable on October 1, 2022.’ ” Id. Determining that a [689]*689promise incident to a conditional gift may be secured by a mortgage or deed of trust, the Court of Special Appeals then concluded that the Ver Bryckes were entitled to $160,000 because that amount of their conditional gift of $200,000 to John and Lisa was secured by the deed of trust. Id. at 655, 822 A.2d at 1245. Because a deed of trust is an instrument under seal, the Court of Special Appeals explained, the twelve-year statute of limitations period under Section 5-102(a) of the Courts & Judicial Proceedings Article applied.8 Id. at 653, 822 A.2d at 1244. The Court of Special Appeals also concluded that, because Lisa did not ask the jury to decide whether the conditional gift was secured by the deed of trust, she had the burden of placing that issue before the jury under Maryland Rule 2-522(c). Id. at 654, 822 A.2d at 1244.
Finally, the Court of Special Appeals turned to the Ver Bryckes’ claims for disgorgement of profits and for prejudgment interest, rejecting both of them. With respect to the Ver Bryckes’ disgorgement of profits claim, the intermediate appellate court observed that the jury had implicitly rejected the Ver Bryckes’ theory that John and Lisa had been unjustly enriched when they made a profit on Rabbit Hill when it determined that the Ver Bryckes were entitled to $200,000, the precise amount, without any interest, they had given to John and Lisa. Id. at 656, 822 A.2d at 1245. With respect to the Ver Bryckes’ claim for prejudgment interest, the Court of Special Appeals noted that the parties had “stipulated that the judge would be the trier of fact” on this issue, and it was in the judge’s discretion to decline to make such an award. Id. at 656, 658, 822 A.2d at 1245-46.
On June 19, 2003, Lisa filed in this Court a petition for writ of certiorari, and, on June 25, 2003, the Ver Bryckes filed a cross petition for writ of certiorari. We granted both petitions on August 26, 2003. Ver Brycke v. Ver Brycke, 376 Md. 543, 831 A.2d 3 (2003). Because we stated the questions presented in full earlier, we will summarize them here. Lisa asks us to consider whether an unwritten agreement involving a condi[690]*690tional promise satisfies the Statute of Frauds and whether a conditional promise secured by a deed of trust is valid and thus is afforded the twelve-year statute of limitations period for documents under seal. The Ver Bryckes ask us to consider whether the three-year statute of limitations barred part of their claim; whether the limitations period was left to the discretion of the trial judge under Maryland Rule 2-522(c); and whether they were entitled to prejudgment interest as a matter of right.
II. Discussion
Lisa contends that the Court of Special Appeals erred when it determined that a promise, other than the payment of money, “inferred from the circumstances” may be secured by a mortgage or deed of trust so as to trigger the twelve-year statute of limitations. In addition, Lisa maintains that the twelve-year statute of limitations does not apply to “an alleged oral agreement, condition, or promise, executory in nature, that is not identified as consideration as an obligation specified in a deed of trust securing land.”
The Ver Bryckes contend that the Court of Special Appeals erred in its conclusion that the three-year statute of limitations barred part of their claim. The Ver Bryckes argue that the trial judge “gave no instructions on any applicable statute of limitations.” For this reason, under Maryland Rule 2-522(c), “the statute of limitations issues were reserved to the trial judge,” whose findings are considered to have been made in accordance with the judgment entered. The Ver Bryckes maintain that Lisa’s statute of limitations defense depended upon “Lisa establishing that the [Ver Bryckes] knew or should have known at least three years prior to the filing date of this action that John and Lisa would not keep their promise to live at Rabbit Hill.” According to the Ver Bryckes, the trial court properly rejected Lisa’s statute of limitations defense because there was ample evidence at trial to suggest that John and Lisa were still considering the possibility of living at Rabbit Hill as late as August 1997, which was within the three-year limitations period when the parents filed the action in 1999.
[691]*691A. The Nature of the Gift
We will begin by examining the nature of the Ver Bryckes’ transfer of $200,000 to John and Lisa. At trial, the Ver Bryckes based their claims of unjust enrichment and promissory estoppel on the theory that they gave John and Lisa a conditional gift. Lisa argued that the $200,000 was an absolute gift, and, thus, there was no unjust enrichment or detrimental reliance. The jury agreed with the Ver Bryckes, concluding that the Ver Bryckes gave John and Lisa a conditional gift of $200,000, and this finding was adopted by the trial judge. On appeal, the Court of Special Appeals agreed. We agree, also, that the $200,000 was a conditional gift. We disagree, however, with several conclusions that the Court of Special Appeals reached regarding this point, particularly with respect to its characterization of the Ver Bryckes’ claims.
We first observe that, generally, inter vivos gifts are absolute and, in order to be valid, they must be irrevocable. Park Station Ltd. P’ship v. Bosse, 378 Md. 122, 131, 835 A.2d 646, 651 (2003)(explaining that “[t]he requirements for a valid inter vivos gift are an intention on the part of the donor to transfer the property, a delivery by the donor and an acceptance by the donee [and that] delivery must transfer the donor’s dominion over the property”)(quoting Rogers v. Rogers, 271 Md. 603, 607, 319 A.2d 119, 121 (1974)). Although this is the general rule, in limited instances, “[a] donor may limit a gift to a particular purpose, and render it so conditioned and dependent upon an expected state of facts that, failing that state of facts, the gift should fail with it.” Grossman v. Greenstein, 161 Md. 71, 73,155 A. 190, 191 (1931)(ordering the return of the donor’s gift of $1,000 in a bank account to his daughter and prospective son-in-law because the money was a gift conditioned upon the marriage, which did not occur because the prospective son-in-law broke the engagement); accord In re Stoltz, 283 B.R. 842, 846 (Bankr.D.Md.2002)(holding that the diamond ring the debtor received was given as gift in contemplation of marriage, and, thus, was a conditional gift); Singer v. Singer, 636 A.2d 422, 425-26 (D.C.1994)(observing [692]*692that a gift of a house might have been a conditional, gift in contemplation of marriage and remanding for further proceedings to determine the nature of the gift).
Although the conditional gift doctrine has been used most often in the context of gifts given with the expectation that marriage will occur, see 23 Samuel Williston & Richard A. Lord, a treatise on the law of contracts § 62:28 (4th ed 2002), it has been extended to other familial and charitable contexts. See Cowley v. Cowley, 400 So.2d 381, 382 (Ala.1981)(concluding that a gift conditioned upon the donee’s agreement to use money for the donor’s surgery did not make the gift invalid); Ball v. Hall, 129 Vt. 200, 274 A.2d 516, 520 (1971)(explaining that, in a situation where the donors’ gifts to the town were conditioned on the town maintaining the high school, “[a] gift may be conditioned upon the donee’s performance of specified obligations or the happening of a certain event [and that if] the obligation is not performed, the donor is entitled to restitution”); McClure v. McClure, 870 S.W.2d 358, 361 (Tx.App.1994)(holding in a divorce dispute regarding a husband’s gift to wife to help her pay off her condominium, that, “[i]f a gift is made upon a condition, then failure of, violation of, or refusal to perform the condition by the donee constitutes good ground for revocation of the gift by the donor”); Courts v. Annie Penn Memorial Hosp., Inc., 111 N.C.App. 134, 431 S.E.2d 864, 867-68 (1993)(applying the conditional gift doctrine in the context of determining whether a donor’s gift to a hospital included the condition that the hospital establish a foundation in her grandfather’s name); Zirngibl v. Zirngibl, 165 Wis.2d 130, 477 N.W.2d 637, 640 (1991)(explaining, where a wife had given the husband funds to buy real estate, that “[a] gift may be conditioned upon some act by the donee, and, if the condition is not fulfilled, the donor may recover the gift”); see also Restatement (First) of Restitution § 58 (1937). Here, the jury and the trial judge agreed with the parents that they gave John and Lisa a gift of $200,000 based upon the condition that John and Lisa would live at Rabbit Hill.
[693]*693The Court of Special Appeals erred, however, in several respects regarding the precise nature of the Ver Bryckes’ conditional gift. It made its first mistake when it concluded that the jury “found in favor of the Ver Bryckes on three causes of action — conditional gift, unjust enrichment, and promissory estoppel.” Ver Brycke, 150 Md.App. at 647, 822 A.2d at 1240. As the trial court’s judgment order indicates, the Ver Bryckes prevailed under two theories, unjust enrichment and promissory estoppel.9 The Ver Bryckes’ conditional gift theory supported both of these claims, but “conditional gift” was not itself a separate claim in this case. For this reason, it was not necessary for the Court of Special Appeals to undertake, as it did, an extensive analysis of whether a suit to recover a conditional gift is a legal or equitable claim. See id. at 647-51, 822 A.2d at 1240-42.
Moreover, when the Court of Special Appeals did undertake its analysis, it did so incorrectly. Because the Court of Special Appeals had concluded that conditional gift was a separate claim, it endeavored to determine whether it was an equitable or legal action in order to determine the appropriate limitations period to apply. See id. at 646-47, 822 A.2d at 1239-40. The Court of Special Appeals began its analysis of distinguishing between legal and equitable claims [694]*694by referring, appropriately enough, to Professor Dobbs’ Law of Remedies (2d ed.1993):
Dobbs identifies two primary tests for determining whether a claim is equitable or legal:
First, a claim could be deemed equitable if it sought a coercive remedy like injunction, otherwise not. Second, a claim could be deemed equitable if the plaintiff sought to enforce a right that was originally created in the equity courts, or a right that was traditionally decided according to equitable principles.
Id. at 647, 822 A.2d at 1240 (quoting Dan. B. Dobbs, Law of Remedies § 2.1(2) (2d ed.1993)). The Court of Special Appeals then asserted that the second test is the one most often applied, noting, that “Dobbs observes that ‘[o]verwhelmingly, courts characterize claims according to the remedies sought rather than according to subject matter or substantive rules involved.’ ” Id. As we shall explain, it is at this point the Court of Special Appeals should have stopped, as Maryland, like the majority of courts, characterizes most of its equitable claims according to the remedies sought by the parties. Goldsborough v. County Trust Co., 180 Md. 59, 61, 22 A.2d 920, 921 (1941)(explaining that the party “must show the necessity for his resorting to the remedy” when seeking equity jurisdiction).
The Court of Special Appeals, however, continued with its discussion, classifying unjust enrichment and promissory estoppel as “traditional equitable actions,” and noting that there was no Maryland case law on this point with respect to conditional gifts. Ver Brycke, 150 Md.App. at 647, 822 A.2d at 1240. It then turned to the only out-of-state case regarding conditional gifts it found helpful, noting that the Illinois appellate court listed “rescission and restitution based upon the failure of a conditional gift” as one of the plaintiffs equitable theories. Id. at 647-48, 822 A.2d at 1240 (citing Wagener v. Papie, 242 Ill.App.3d 354, 182 Ill.Dec. 417, 609 N.E.2d 951, 955 (1993)). Rejecting that court’s suggestion that a suit for recovery of a conditional gift sounded in equity and concluding that there was, thus, a “dearth of authority” on this issue, the [695]*695Court of Special Appeals determined that it must apply both “Dobbs” tests:
Applying the first part of the Dobbs two-part test, we find one Maryland case brought on a conditional gift theory that was held to be properly framed in equity, presumably because it sought to clear title to real property. Out-of-state suits to recover title to real property based on conditional gifts also have been held to be equitable. These cases are more readily classified as equitable due the remedy sought — changing title to real property — rather than the equitable basis of the substantive theory of recovery.
The Ver Bryckes sought recovery from the escrowed proceeds of the Rabbit Hill sale, as well as a personal judgment against Lisa and John. Because the remedy they sought was not coercive, their claims for relief seem to fall on the legal side of the ledger.
Thus, there are three bases of recovery, two brought under traditional equitable theories, all of which request relief that is legal in nature. We hold that the conditional gift cause of action was legal, and the other two were equitable, because they are traditionally based in equity.
Id., at 648-49, 822 A.2d at 1240-41 (citations and footnote omitted). In essence, when the Court of Special Appeals applied both “Dobbs tests” (essentially, in fact, merging the two tests into one two-part test), it obfuscated what should have been the subject of its focus, namely the remedy that the Ver Bryckes sought in their suit.
As the intermediate court stated, to characterize whether a claim sounds in law or equity is a “murky undertaking.” Id. at 647, 822 A.2d at 1240; see also Kann v. Kann, 344 Md. 689, 699, 690 A.2d 509, 514 (1997)(noting that “Professors Wright and Miller have said that '[d]etermining which actions belong! ] to law and which to equity for the purpose of delimiting the jury trial right continues to be one of the most perplexing questions of trial administration.’ ”).10 In this case, [696]*696the Ver Bryckes sought to recover the $200,000 they had given to John and Lisa. Although the Ver Bryckes relied on unjust enrichment and promissory estoppel, two “traditionally equitable” doctrines, and requested the remedy of restitution, an equitable remedy, their claims sound in law because they seek the repayment of money. We explain.
We repeatedly have stated that the strictures of common law pleading, whereby the causes of action pled define the action, have been replaced by fact-based pleading so that remedies sought serve to delineate the type of action, whether it be in law or equity.11 Scott v. Jenkins, 345 Md. 21, [697]*69727-28, 690 A.2d 1000, 1003 (1997)(noting that Maryland “abandoned the formalities of common law pleading long ago” and that Maryland Rule 2-303(b) establishes that “[a] pleading shall contain only such statements of fact as may be necessary to show the pleader’s entitlement to relief or ground of defense ... ”); Higgins v. Barnes, 310 Md. 532, 535 n. 1, 530 A.2d 724, 725 n. 1 (1987)(“[0]ur concern is with the nature of the issues legitimately raised by the pleadings, and not with the labels given to the pleadings.”). We also have held that the parties’ characterization of their claims does not determine equity jurisdiction; rather, as Dobbs taught, equity jurisdiction is determined either by whether the parties’ claims have historically sounded in equity or by the kind of remedy the parties sought. Manning, at 420-21, 187 A.2d at 471-72.12 Because an historical analysis may be a difficult undertaking when the claim is not one traditionally recognized as equitable, the remedy sought by the claimant is often the court’s focus. See Ross v. Bernhard, 396 U.S. 531, 538, 90 S.Ct. 733, 738, 24 L.Ed.2d 729, 736 (1970); see also Martin v. Howard County, 349 Md. 469, 484, 709 A.2d 125, 133 (1998)(explaining that the “ground of equity jurisdiction” arises when the claimant is “denied a remedy at law” and that an eviction action traditionally sounded at law); Goldsborough, 180 Md. at 61, 22 A.2d at 921 (explaining that the party “must show the necessity for his resorting to the remedy” when seeking equity jurisdiction).
[698]*698The Ver Bryckes sought to recover the $200,000 they had given to John and Lisa. Quoting Dobbs’ Law op Remedies, we also have explained that, although the “substantive basis” of the law of restitution “is related to substantive equity,” “[r]estitution claims for money are usually claims ‘at law.’ ” Bennett Heating & Air Conditioning, Inc., v. NationsBank of Maryland, 342 Md. 169, 180, 674 A.2d 534, 539 (1996)(quoting Dan B. Dobbs, Law of Remedies § 4.1(1), at 556 (2d ed.1993));13 see also Luskin’s, Inc. v. Consumer Protection Div., 353 Md. 335, 383, 726 A.2d 702, 726 (1999)(noting that “[r]estitutionary recoveries often amount to about the same as the plaintiffs losses, and thus serve many of the compensatory purposes served by a damages recovery”); Berry & Gould, P.A. v. Berry, 360 Md. 142, 151, 757 A.2d 108, 113 (2000)(observing that “[a] person who receives a benefit by reason of an infringement of another person’s interest, or of loss suffered by the other, owes restitution to him in the manner and amount necessary to prevent unjust enrichment”)(quoting Restatement (Second) of Restitution § 1 (Tentative Draft No. 1, 1983)). Therefore, the Court of Special Appeals should have concluded that the Ver Bryekes two claims — unjust enrichment and promissory estoppel — were claims at law because they were claims seeking the remedy of restitution for money.
B. Statute of Limitations
We agree with the Ver Bryekes that the Court of Special Appeals incorrectly concluded that the three-year stat[699]*699ute of limitations period pursuant to Section 5-101 of the Courts & Judicial Proceedings Article barred $40,000 of the Ver Bryckes’ claim and that the twelve-year statute of limitations period pursuant to Section 5-102 of the Courts & Judicial Proceedings Article did not bar $160,000 of their claim.14 As we shall explain, the Court of Special Appeals missed the mark for two reasons. First, in a conditional gift situation, the statute of limitations begins to run when the donor knew or should have known the condition failed. Second, the Court of Special Appeals incorrectly interpreted an ambiguous interrogatory on the jury verdict sheet as establishing when the Ver Bryckes knew that Lisa and John would never move into Rabbit Hill.
Under Maryland’s “discovery rule,” the three-year statute of limitations period begins to toll when the “plaintiff discovers, or through the exercise of due diligence, should have discovered, the injury.” Frederick Rd. Ltd. P’ship v. Brown & Sturm, 360 Md. 76, 95-96, 756 A.2d 963, 973 (2000); see also Newell v. Richards, 323 Md. 717, 723-24, 594 A.2d 1152, 1155 (1991)(explaining that “the discovery rule was applicable to civil actions generally, and that a plaintiff must have knowledge, either implied or express, in order to trigger the running of the statute of limitations”). In addition, the party raising the defense of the statute of limitations has the burden of showing that the defense has merit. Newell, 323 Md. at 725, 594 A.2d at 1156.
In this case, in order to trigger the statute of limitations, Lisa had the burden to show that the Ver Bryckes knew or, through the exercise of due diligence, should have discovered more than three years prior to March 23, 1999, the date the Ver Bryckes filed their claim, that John and Lisa never would fulfill the condition of moving into Rabbit Hill. Lisa attempts to do so by contending that one of the jury questions, “Question 3C,” required the jury to determine whether the Ver Bryckes were barred by the three-year statute of limitations. [700]*700Question 3C asked: “If you find by a preponderance of the evidence that the Plaintiffs, Mr. and Mrs. Ver Brycke, III, made a conditional gift, were Plaintiffs aware that the. conditions would not be satisfied on or before January 1, 1995?” Because the jury answered “yes” to this question, Lisa argues that the jury found that the three-year limitations barred the Ver Bryckes’ claim.
We observe at the outset that we have not found an instance in Maryland law, and have been referred to none, regarding the limitations period for conditional gifts. In a conditional gift situation, the donor’s right to recover the gift depends on the failure of the condition. Grossman, 161 Md. at 73, 155 A. at 191. A condition is a “future and uncertain event on which the existence or extent of an obligation or liability depends; an uncertain act or event that triggers or negates a duty to render a promised performance.” Black’s Law Dictionary 288 (7th ed.1999). The jury concluded that John and Lisa accepted the $200,000 on the condition that they would move into Rabbit Hill. When John and Lisa sold Rabbit Hill, they negated the possibility of ever fulfilling their obligation to move into Rabbit Hill. As such, the condition failed, triggering the Ver Bryckes’ right to recover their conditional gift and the statute of limitations.
In addition, we also disagree with Lisa because, as the Court of Special Appeals pointed out, the jury’s affirmative answer to Question 3C may or may not indicate that it concluded that the Ver Bryckes knew they had a claim against John and Lisa on or before January 1,1995:
The words “on or before January 1, 1995” could modify the word “satisfied,” rather than the word “aware.” If the date modifies the word “satisfied,” the interrogatory would not resolve the statute of limitations issue, which turned on whether the Ver Bryckes were aware before January 1, 1995 that the condition of their gift would not be met.
Ver Brycke, 150 Md.App. at 643, 822 A.2d at 1237-38 (emphasis in original). In other words, Question 3C could be interpreted as asking the jury to determine whether the Ver [701]*701Bryckes knew that John and Lisa were not going to move into Rabbit Hill by January 1, 1995. This is not the same, however, as the jury concluding that the Ver Bryckes knew by January 1, 1995, that John and Lisa never planned to move into Rabbit Hill, a finding that indeed would have triggered the statute of limitations period.
We, thus, disagree with the Court of Special Appeals’ conclusion that, in spite of the fact that it found Question 3C to be ambiguous, Question 3C invoked the three-year statute of limitations period. As the Court of Special Appeals itself pointed out, the jury may have simply found that the Ver Bryckes knew that John and Lisa would not move into Rabbit Hill by January 1,1995, a conclusion that does not indicate one way or the other that the Ver Bryckes knew that their condition would never be satisfied.
Because Lisa relies exclusively on Question 3C to argue that the statute of limitations period began to toll on January 1,1995, we conclude that she did not meet her burden to show that the Ver Bryckes knew or should have known that she and John would not meet the condition of moving into Rabbit Hill. Under the circumstances herein, we also do not believe the condition failed until the property was sold. We, therefore, reverse the Court of Special Appeals and affirm the trial court’s judgment in favor of the Ver Bryckes for $200,000.15
[702]*702C. Pre-judgment Interest
We agree with the Court of Special Appeals that the Ver Bryckes are not entitled to pre-judgment interest. The intermediate appellate court correctly observed that prejudgment interest as a matter of right is the exception rather than the rule, see Buxton v. Buxton, 363 Md. 634, 770 A.2d 152 (2001), and that “[w]hether a party is entitled to prejudgment interest generally is left to the discretion of the fact finder.” Ver Brycke, 150 Md.App. at 656, 822 A.2d at 1246 (citing I.W. Berman Props, v. Porter Bros., Inc., 276 Md. 1, 24, 344 A.2d 65, 79 (1975)). As we explained in Buxton, “[p]re-judgment interest is allowable as a matter of right when ‘the obligation to pay and the amount due had become certain, definite, and liquidated by a specific date prior to judgment so that the effect of the debtor’s withholding payment was to [703]*703deprive the creditor of the use of a fixed amount as of a known date.’ ” 363 Md. at 656, 770 A.2d at 165. Here, applying Buxton, the Court of Special Appeals rightly determined that John and Lisa’s obligation to repay the Ver Bryckes was uncertain prior to the date of judgment. As such, the trial judge was left to her discretion to determine whether prejudgment interest was warranted. We hold that she did not abuse her discretion when she denied the Ver Bryckes’ prejudgment interest.
III. Conclusion
In a conditional gift situation, the donor’s right to recover the gift depends on the failure of the condition, and the statute of limitations period begins to toll at this time. In addition, when characterizing whether a claim sounds in law or in equity, the determination is dependent upon the remedies sought. Finally, we affirm the trial court’s denial of the Ver Bryckes’ claim for pre-judgment interest.
JUDGMENT OF THE COURT OF SPECIAL APPEALS REVERSED. CASE REMANDED TO THAT COURT WITH DIRECTIONS TO AFFIRM THE JUDGMENT OF THE CIRCUIT COURT FOR ANNE ARUNDEL COUNTY. COSTS IN THIS COURT AND IN THE COURT OF SPECIAL APPEALS TO BE PAID BY PETITIONER.
WILNER, J., concurs.