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Posted on 10/5/23 at 11:24 am to Bard
quote:
I would hope he helped them out with any bills they may have, but in absolutely no way is he obligated to give them a penny more than the $157 sale price they agreed on.
He offered them more than a quarter million dollars, their kids told him to go frick himself. At that point, I hope they go broke trying to get the full amount only to ultimately lose the case.
Posted on 10/5/23 at 11:24 am to Baylor
No take backsees.
Posted on 10/5/23 at 11:24 am to LSURussian
He's under no obligation to give the elderly couple anything beyond what he has already given them.
That said, if it was me, I'd offer to split it with them.
That said, if it was me, I'd offer to split it with them.
Posted on 10/5/23 at 11:25 am to Baylor
quote:
An elderly couple was cleaning junk out their house and sold an African mask to a local dealer for $157
Come to find out it’s worth over 4 million . The dealer a year later sold at auction for over 4 million
Should the dealer have to give the couple some of the profits ?
No. He shouldn't be compelled to. If he did share in the windfall it'd be a nice gesture but there is nothing requiring it.
Posted on 10/5/23 at 11:27 am to Baylor
No. But if the couple were was a “sweet old couple” I might give them 1/2 just because. But unreality, they should have done their research.
Posted on 10/5/23 at 11:36 am to tylerlsu2008
quote:
Even if he hypothetical knew it was worth $4mm (to someone else), is he on the hook? It would be one thing to misrepresent and sell someone something, but wouldn’t the onus have been on the couple to do their own due diligence?
Yes possibly. Generally, you cannot unjustly enrich yourself at the expense of another by paying a grossly inaccurate or unreasonable price for something. It will be a highly fact specific inquiry. Lots of things in play. Yes I think the sellers have some fault for no due diligence, but their age may mitigate that to some extent.
Posted on 10/5/23 at 11:42 am to Baylor
Exploiting informational asymmetry is not a bug of capitalism, its a feature. Any sort of moral judgment on the dealer is not relevant. They were merely acting in accordance with the objective and rules of the game they found themselves in.
Posted on 10/5/23 at 11:46 am to SpidermanTUba
quote:
Exploiting informational asymmetry is not a bug of capitalism, its a feature. Any sort of moral judgment on the dealer is not relevant. They were merely acting in accordance with the objective and rules of the game they found themselves in.
Hey, baw.....the sellers also operated under that capitalist system. They also played the game, only poorly, and lost.
Of course, in a socialist/communist system only the state would be allowed to profit from such things.
Posted on 10/5/23 at 12:03 pm to soccerfüt
(no message)
This post was edited on 10/6/23 at 4:40 pm
Posted on 10/5/23 at 12:06 pm to Baylor
Hell no
Posted on 10/5/23 at 12:15 pm to Baylor
Depends on the facts and the French law. I would argue he should morally give them something.
Posted on 10/5/23 at 1:02 pm to zippyputt
Lol not that I care just curious
I started this thread just simply asking the question . I did not even give my opinion and I get 67 down votes and 0 upvotes . Why is that ?
Lol
Ok
I started this thread just simply asking the question . I did not even give my opinion and I get 67 down votes and 0 upvotes . Why is that ?
Lol
Ok
This post was edited on 10/5/23 at 1:03 pm
Posted on 10/5/23 at 1:04 pm to LegendInMyMind
quote:
socialist/communist
Yes
We must either choose pure capitalism, or pure socialism/communism (what's the difference who cares?) Those are the only two choices allowed. And you must choose one team or another.
That's a brainwashing technique held in common between socialism and capitalism.
Posted on 10/5/23 at 1:48 pm to SpidermanTUba
quote:
SpidermanTUba
You're the one advocating socialism......in this thread. You will say you aren't, you will likely believe it, but the fact that you do not realize that is what you advocated in your post says all anyone needs to know. You can babble on, but it doesn't matter.
Posted on 10/5/23 at 1:49 pm to zippyputt
quote:
I would argue he should morally give them something.
He offered more than a quarter million dollars (or squiggly marks) to the old folks. They and their children declined and are going for all of it.
Tell me more about the morals at play here.
Posted on 10/5/23 at 2:40 pm to Baylor
Don’t give shite away without finding out what it is 
Posted on 10/5/23 at 2:44 pm to Dickaroos
quote:
Don’t give shite away without finding out what it is
That's the kicker, the family knew what it was, where it came from, and how old it was. They had enough information to know that it had potential to be valuable. Their regret does not equate to the buyer being obligated to give them anything. Or, it shouldn't, rather.
Posted on 10/5/23 at 2:48 pm to Baylor
We wuz Kangz!
Posted on 10/5/23 at 2:51 pm to LegendInMyMind
Personally the guy who doesn’t help the couple in this instance is not somebody I would want to be friends with
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