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Under Arkansas law did a
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Under Arkansas law did a fraud occur
...... Client gave the watch to his wife on a cruise to Europe. His wife takes it to Maradona jewelers, a specialist shop, when they return from a cruise. Maradona determines that the watch is a fake Beckham watch valued at $100, far below the $12500 purchase price. Client, understandably feels that he has been duped and has sought the counsel of our firm
Additional potentially important facts to note are that Seller claims to have worked with a watch company and that she was given the watch by her grandfather as birthday/graduation gift. Therefore, the questions of Sellers actual knowledge that the watch was fake and whether she had a duty to confirm its authenticity (since the buyer was her grandfather) are relevant for purposed of this analysis......
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