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A jeweler who erroneously sold a pair of diamond earrings for $3,200 -- $10,000 less than its value -- couldn't rescind the sale, because the buyer had no knowledge of the item's actual value, the Pennsylvania Superior Court ruled. The decision, which held that pricing errors generally can't be the basis of an action for rescission, affirms a Philadelphia Common Pleas Court's order granting summary judgment to the defendants.
May 08, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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