Person S bought a diamond ring from person L for $6990. At the time of purchase she received a guarantee from the firm attesting to the value of diamond, trade in value and style. Then person S went to trade ring for another, while the jewellers valued the ring 3000 and 3500 respectively. The she realized the value of diamond depends on the oral representation of person L’s sales person. To discuss: The decision for recession of the agreement or damages in the sales price amount.

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Chapter 11, Problem 18CP

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Case summary: Person S bought a diamond ring from person L for $6990. At the time of purchase she received a guarantee from the firm attesting to the value of diamond, trade in value and style. Then person S went to trade ring for another, while the jewellers valued the ring 3000 and 3500 respectively. The she realized the value of diamond depends on the oral representation of person L’s sales person.

To discuss: The decision for recession of the agreement or damages in the sales price amount.

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