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I could imagine maybe a law requiring foreign companies to obtain a bond when selling consumer goods, if they don't have substantial presence in the U.S. This b
by asfasgasg 8y ago
I could imagine maybe a law requiring foreign companies to obtain a bond when selling consumer goods, if they don't have substantial presence in the U.S. This bond would be a surety that consumers could recover damages in the case of negligence, at least up to a certain amount. I don't see the argument for requiring Amazon to perform that service, though.
- deleted 8y ago[deleted]
- sk5t 8y agoSuppose the foreign entity decided to flout that law, and never did acquire a bond, or reported a nonexistent bond. Would it be Amazon's responsibility to detect this situation, and what remedy would be available to the customer regardless?
- scarface74 8y agoIt should be a registered bond with a trusted source. You wouldn't trust escrow funds that weren't held by a trustworthy party if you were involved in real estate.
- sk5t 8y agoWould Amazon then check and enforce the status/claims against the bond as part of processing each order? It's an interesting idea for sure. It seems like this would put a total stop to inventory commingling, which does sound attractive, at an abstract level.
- mohdmasd 8y agoLetter of Guarantee? https://www.investopedia.com/terms/l/letter_of_guarantee.asp https://www.investopedia.com/terms/l/letter_of_guarantee.asp