FACTS DEFECT STATUS What is the problem with Is the contract the contract? void or (e.g. misrepresentation; voidable? mistake etc When purchasing an engagement ring for his girlfriend Bob assumes that due to the ring's high price that the stone is a diamond when in fact it is a cubic zirconia. He purchases the ring on this basis. 2. Bob purchased an engagement ring for his girlfriend from a jewelry store. However, the contract required the store to order the specific ring from his wholesaler. Unbeknownst to both Bob and the Jeweler, the night before, the warehouse was struck by a hurricane and its entire inventory was washed into the ocean. 3. Bob wants to purchase an engagement ring for his girlfriend that is one-of-a-kind. The jewelry salesman looks on the computerized inventory which has recorded one ring as being in stock. The salesman erroneously but reasonably assumes that the ring is unique, but the chain of stores has previously sold 999 units of this ring. Bob's fiancee discovers the error when a co-worker of hers has the same ring. She breaks off the engagement and Bob's life is ruined. 4. Bob purchased an engagement ring for his girlfriend from an individual selling it through the newspaper. The seller knowingly tells Bob that the stone is a diamond (Bob will only purchase the ring if it is a diamond) when in fact it is a cubic zirconia. 5. One day while golfing with a friend and his family