Question
Ben wanted to buy for his girlfriend a solid gold bracelet for her birthday.On January 2 Ben went to Pierre's jewelry store to inquire about
Ben wanted to buy for his girlfriend a solid gold bracelet for her birthday.On January 2 Ben went to Pierre's jewelry store to inquire about a bracelet he had seen in the window.Although Pierre knew that the bracelet was only gold plated and worth only $200, he told Ben that it was 14 carat solid gold and worth $1,500 but that it was on sale for $1,000.Ben, who knew nothing about jewelry, bought the bracelet for $1,000.Ben gave the bracelet to his girlfriend.
On January 15 for insurance purposes, Ben had the bracelet appraised by a jewelry appraiser who told Ben that the bracelet was only gold plated and worth about $200.Since Ben was leaving the country the next week on an extended long vacation, he did nothing about contacting Pierre. On September 2, Ben brought the bracelet back to Pierre and demanded return of his $1,000.Pierre refused to take the bracelet back or refund any money to Ben. Ben sues Pierre for rescission and/or damages.Judgment for whom and for what if any remedies?How much, if anything, is Ben entitled to recover pursuant to any available remedies?Explain fully
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started