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pinball selling fiasco in the US


bwodie

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Wouldn't happen in Australia and shouldn't happen anywhere. Having studied basic contract law and the trade practices act at University, it is illegal to purchase items at well under market value if you have a prior knowledge or experience in the same market. (That is only if the seller finds out and wants to take the matter further).

 

It is known as "Deceptive Conduct"

 

It is like a qualified real estate agent purchasing a house that someone has put on the market well below its estimated market value. Having knowledge of the real estate industry puts him into this category.

 

I still say HAHAHAHA should've done his/her homework.................

 

only better deal they couldave got was a root from the poor suckers wife

lol

 

Maybe thats the real reason the husband is sooooo pissed off.....................

 

$12,500 worth of Pinnies ---------- $4,000.00

Cost of fuel --------------------------- $200.00

Rootin the fullas missus ----------- PRICELESS !!!!!!!!!!!!!!!!!!!!

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Wouldn't happen in Australia and shouldn't happen anywhere. Having studied basic contract law and the trade practices act at University, it is illegal to purchase items at well under market value if you have a prior knowledge or experience in the same market. (That is only if the seller finds out and wants to take the matter further).

 

pretty easy to act dumb and say you didn't know they were worth so much more

how could that ever be proven in this case?

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pretty easy to act dumb and say you didn't know they were worth so much more

how could that ever be proven in this case?

 

I am no legal expert just remebered that stuff from Uni and the lecturer using the real estate situation as an example.

 

Absolutely agree with ya bwodie, however if the buyer was found to have previously owned an arcade / pinball store, business or an arcade / pinball repair business etc, etc it would become pretty easy to prove.

 

If it was just joe bloggs off the street gettin a great score then all power to him / her..........

 

Wish I was that lucky..................

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Wouldn't happen in Australia and shouldn't happen anywhere. Having studied basic contract law and the trade practices act at University, it is illegal to purchase items at well under market value if you have a prior knowledge or experience in the same market.

 

Unfortunately that is not generally the case. The deal was struck and a contract made, so generally that is the end of the matter.

 

It is known as "Deceptive Conduct"

 

Trade Practices Act “misleading or deceptive conduct” requires the activity to take place “in trade or commerce”, and has no application to a contract between private individuals.

 

It **would** have possible application (doesn’t mean it would succeed) where the **buyer** was a dealer for example taking advantage of the deal, but only if the buyer did something that was misleading or deceptive, such as endorsing the asking price as representing market value. For example, if the dealer said “I will pay you the $4,000 you are asking as it is the market value of the games”. The conduct is potentially misleading or deceptive being untrue, and a case might be made as the buyer was acting in trade or commerce (ie in “business” being a dealer). If the buyer said nothing other than agreeing to the deal, query if what was in effect silence in relation to his own knowledge of the truth can be misleading or deceptive.

 

 

It is like a qualified real estate agent purchasing a house that someone has put on the market well below its estimated market value. Having knowledge of the real estate industry puts him into this category.

 

The real estate example you gave is right on the money if the buyer was a dealer, but no use if a private (non-dealer) buyer.

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Unfortunately that is not generally the case. The deal was struck and a contract made, so generally that is the end of the matter.

 

Trade Practices Act “misleading or deceptive conduct” requires the activity to take place “in trade or commerce”, and has no application to a contract between private individuals.

 

It **would** have possible application (doesn’t mean it would succeed) where the **buyer** was a dealer for example taking advantage of the deal, but only if the buyer did something that was misleading or deceptive, such as endorsing the asking price as representing market value. For example, if the dealer said “I will pay you the $4,000 you are asking as it is the market value of the games”. The conduct is potentially misleading or deceptive being untrue, and a case might be made as the buyer was acting in trade or commerce (ie in “business” being a dealer). If the buyer said nothing other than agreeing to the deal, query if what was in effect silence in relation to his own knowledge of the truth can be misleading or deceptive.

 

Thankyou Pinnies for clarifying. As stated I remembered something about it from Uni (which was a while ago) and the example of the real estate agent used by the lecturer. Lucky I didnt become a lawyer hey...........................................

Edited by daics3522
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Thankyou Pinnies for clarifying. As stated I remembered something about it from Uni (which was a while ago) and the example of the real estate agent used by the lecturer. Lucky I didnt become a lawyer hey...........................................

 

 

As I said, the real estate example could very well be spot on, if the buyer was "in the trade", as part of his business. More likely it was some lucky sod (or is that SOB??) who scored a cheap CC and TAF! :)

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As I said, the real estate example could very well be spot on, if the buyer was "in the trade", as part of his business. More likely it was some lucky sod (or is that SOB??) who scored a cheap CC and TAF! :)

 

Pissed off it wasnt in OZ for an AA member to reap the rewards......

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I have nearly $3000 AU saved for my first pinnie(s). I would like Medieval Madness and Twilight Zone please. A NIB Addams Family COULD be substituted for TZ in a pinch.

Thanks,

Dave.

 

PS, suffer dick head. Also, devorce this wife and get a smarter one.

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I have nearly $3000 AU saved for my first pinnie(s). I would like Medieval Madness and Twilight Zone please. A NIB Addams Family COULD be substituted for TZ in a pinch.

 

I am workin on securin me a Rescue 911 in the coming year as my first pinnie. being a vollie firefighter it is the one I have wanted for ages and never got around to gettin.

 

One day soon though !!!!!!!!!!!!!!!!!!

Edited by daics3522
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I am no legal expert just remebered that stuff from Uni and the lecturer using the real estate situation as an example.

 

Absolutely agree with ya bwodie, however if the buyer was found to have previously owned an arcade / pinball store, business or an arcade / pinball repair business etc, etc it would become pretty easy to prove.

 

If it was just joe bloggs off the street gettin a great score then all power to him / her..........

 

Wish I was that lucky..................

 

tbh i didnt realise that was a law at all, bit of a spin out :)

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