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Fraud is not allowed in the 'free market.' Regulation need not apply, proper courts and remedy for fraud are required. We used to live in a world where a reta

Fraud is not allowed in the 'free market.' Regulation need not apply, proper courts and remedy for fraud are required. We used to live in a world where a retailer or manufacturer would stand behind their product and not let anyone sully their name. Since today's consumers seem to lack the ability to discriminate between 'cheap' and 'value' we are in the world we're in. One particular retailer I'm fond of in this regard is Home Depot. If I have any problems with any of their merchandise, they take it back, no problem. They stand behind what they sell and I appreciate that.

dragonwriter 8y ago
> Fraud is not allowed in the 'free market.' Regulation need not apply, proper courts and remedy for fraud are required Courts apply laws. Laws defining and providing remedies for comemrcial frauds are regulations of the market.
- linuxftw 8y ago
  > Courts apply laws. No, courts are arbiters, sometimes of the law, sometimes of civil disputes, such as contracts. > Laws defining and providing remedies for comemrcial frauds are regulations That is true, laws that apply to contracts are regulations, however, they are not necessary for remedy. If I have a contract to receive "A spoon product id xyz as created by Sir Porky Pig of 123. Main, CA USA" and anything other than that is delivered, it's a breach of contract at least and fraud at worst. I could sue for damages. What regulation is needed for this transaction? If someone were to deliberately intend to deceive me, that is fraud, and there are already laws for that.
  - dragonwriter 8y ago
    > No, courts are arbiters, sometimes of the law, sometimes of civil disputes, such as contracts. The things they define what is an enforceable contract and what remedies are available for violations are, again, laws. Civil law is as much law as criminal law. > That is true, laws that apply to contracts are regulations, however, they are not necessary for remedy. Yes, they are. It is law which defines what is a contract, and law which defines what remedies exist for breach. > If I have a contract to receive "A spoon product id xyz as created by Sir Porky Pig of 123. Main, CA USA" and anything other than that is delivered, it's a breach of contract at least and fraud at worst. I could sue for damages. What regulation is needed for this transaction? (1) A law defining when an enforceable contract is formed and how the enforceable terms are determined. (2) A law defining the parameters on which damages are legally compensable from breach, including setting standards for traceability of causation of the harm to the breach, degree to which the I hired party is or is not obligated to act reasonably to mitigate damages, etc. > If someone were to deliberately intend to deceive me, that is fraud, and there are already laws for that. And such laws are regulations of commerce.

dragonwriter 8y ago

> Fraud is not allowed in the 'free market.' Regulation need not apply, proper courts and remedy for fraud are required Courts apply laws. Laws defining and providing remedies for comemrcial frauds are regulations of the market.

linuxftw 8y ago
> Courts apply laws. No, courts are arbiters, sometimes of the law, sometimes of civil disputes, such as contracts. > Laws defining and providing remedies for comemrcial frauds are regulations That is true, laws that apply to contracts are regulations, however, they are not necessary for remedy. If I have a contract to receive "A spoon product id xyz as created by Sir Porky Pig of 123. Main, CA USA" and anything other than that is delivered, it's a breach of contract at least and fraud at worst. I could sue for damages. What regulation is needed for this transaction? If someone were to deliberately intend to deceive me, that is fraud, and there are already laws for that.
- dragonwriter 8y ago
  > No, courts are arbiters, sometimes of the law, sometimes of civil disputes, such as contracts. The things they define what is an enforceable contract and what remedies are available for violations are, again, laws. Civil law is as much law as criminal law. > That is true, laws that apply to contracts are regulations, however, they are not necessary for remedy. Yes, they are. It is law which defines what is a contract, and law which defines what remedies exist for breach. > If I have a contract to receive "A spoon product id xyz as created by Sir Porky Pig of 123. Main, CA USA" and anything other than that is delivered, it's a breach of contract at least and fraud at worst. I could sue for damages. What regulation is needed for this transaction? (1) A law defining when an enforceable contract is formed and how the enforceable terms are determined. (2) A law defining the parameters on which damages are legally compensable from breach, including setting standards for traceability of causation of the harm to the breach, degree to which the I hired party is or is not obligated to act reasonably to mitigate damages, etc. > If someone were to deliberately intend to deceive me, that is fraud, and there are already laws for that. And such laws are regulations of commerce.