If Imistakenly sold someone a fake ring, what do I do?

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If Imistakenly sold someone a fake ring, what do I do?

I sold the ring believing it was real. I used the guys diamond tester and the light turned green as it should and i took a picture. He said once he got home he retested it and the light would not go green. He is threatening me that he will harass me and stalk me until I give the money back. Also there is no paperwork or anything about the sale just text messages saying we would meet but nothing further.

Asked on November 8, 2010 under General Practice, California

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 13 years ago | Contributor

You had a contract for the purchase of a ring.  That contract was verbal.  That is ok is most instances and here it is probably fine. If the contract was based upon fraud or misrepresentation or mistake, it is void.  Here is was a mistake so he can ask for his money back, which he has.  Harassing and threatening you, though, are not the legal ways to get return of his money.  Suing you is.  But I do not think that he wants to go that route.  So return his money and get the ring back.  Then have it properly appraised so that next time you do not run in to this problem.  Good luck. 


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