CASE LAW ANALYSIS: CONTRACT LAW2Dated back in 1885, Wood v. Boynton is a case regarding the rescind of sale towards a precious stone sold to a jeweler and evaluating if the sale was considered fraudulent. Wood originally went to see a jeweler, Boynton, in September of 1883 to learn more about her precious stone. Boynton was not certain of what this tone was and told her he would buy it from her for one dollar after she told him it could possibly be a topaz. She was not willing to sell the stone since she thought it was pretty and was not sure of how much it was worth. Several months passed and Wood was in desperate need of money and returned to Boynton to sell what was known to be at the time, a topaz, for one dollar as discussed previously.Afterwards it was discovered to be a diamond worth $700 and not a topaz. Wood went back to
