Diamond was genuine high quality diamond

Assignment Help Operation Management

Reference no: EM132086002

Using the IRAC method

Minh has a large jewellery collection and likes to invest in precious jewels, such as diamonds. Minh saw a beautiful diamond ring in the window of Fine Jewellers. She spoke to the sales person who thought the diamond was of very high quality. Minh purchased the diamond for $5,000 and shortly after had it valued for insurance. The expert who valued the diamond said, “This is worth about $100, it is full of flaws and rubbish quality.” Both Minh and Fine Jewellers were shocked, as they had both believed the diamond was a genuine high quality diamond. Advise Minh whether or not she can avoid the contract and get her money back because of the mistake. Use relevant cases to support your answer. Do not discuss the Australian Consumer Law.

Reference no: EM132086002

Questions Cloud

Business reach its audience and business goals : Explain how incorporating a strategic digital marketing plan may help the business reach its audience and business goals.

Discuss the cost and feasibility of changes : Provide suggestions, based on factors that determine the amount of attention that a stimulus will tend to receive, as to what the marketer might realistically.

Getting real about strategic planning : It must be nice to be the CIO of a FedEx, or GE, or Credit Suisse, How is it possible that companies get by without some sort of stable and clear direction?

Social media in managing organizational culture : What are the benefits and challenges of social media in managing organizational culture??

Diamond was genuine high quality diamond : Both Minh and Fine Jewellers were shocked, as they had both believed the diamond was a genuine high quality diamond.

Discuss the concepts of strategic planning : Discuss the concepts of strategic planning. How exactly does an environmental scan help a firm?

How empathy contributes to civic engagement : Can evolutionary theory help explain how empathy contributes to civic engagement as an adaptive behavior? You have likely surmised that evolutionary theory.

Write essay on the pros of artificial intelligence : Write a essay on the pros of artificial intelligence. What effect will a strict pay-for-performance standard have on how managers evaluate their employees.

Evaluate the published qualitative research study : Evaluate the published qualitative research study focusing on and identifying the researcher's paradigm or worldview and any evidence of reflexivity described.

User Account

All Pages