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Rosita need harry cooperation

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Reference no: EM131677541

Step 1 Rosita and Harry have been dating for 10 years. Harry has finally decided to ask Rosita to marry him. Harry went to Oscar's Fine Diamonds to buy an engagement ring. Harry decided on a ring that had a nice looking diamond and paid $5000 in cash. Rosita loved the ring and was excited to get married. The couple got married but, unfortunately, marriage did not agree with them and a year later, they got divorced. After the divorce, Rosita no longer wanted the engagement ring so she had it appraised to get ready to sell it. Much to her surprise, the appraiser told her that the diamond was a fake and the ring was worth only $50 because of the gold band.  Now answer the following questions.

  1. Explain what a 3rd party beneficiary is.
  2. Can Rosita get a refund from Oscar or does Rosita need Harry's cooperation? Explain your reasoning.

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Reference no: EM131677541

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