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How can it be fraud, when you can read the contract? It's a clear if/then statement.
by impostervt 6y ago
How can it be fraud, when you can read the contract? It's a clear if/then statement.
- gegtik 6y agothis is what people unironically believe should replace our current legal system
- parhamn 6y agoTo be fair, 250k legal correction isn’t that high relative to fighting nuances in conditionals and terms for 5 years in a more human court.
- SamBam 6y ago250k was one one programmer made in an experiment over a couple nights. The Ethereum world (and potentially other cryptos) seem awash with this kind of thing.
- Cthulhu_ 6y agoJust because Facebook puts things in their T's & C's doesn't mean they get away with it. That said, crypto is intentionally the wild west, because the Big Banks are bad. Libertarian economics, no oversight, no fraud protection, but freedom. Whether you want that is another matter. Personally I think it's a really really bad idea, and billions of monies have been lost, generated, stolen, etc because of it.
- dleslie 6y agoIt's possible to commit fraud while being entirely open and forthright. The key is whether it can be argued that there was an intent to deceive, despite being forthright. A famous example would be the Toy Yoda/Toyota fraud: https://apnews.com/article/6f88d96871f3292f506e2679cf012597 https://apnews.com/article/6f88d96871f3292f506e2679cf012597
- eigen 6y agothe case was settled. there was no verdict of fraud, just the allegation based on the suit filed. https://www.morelaw.com/verdicts/case.asp?s=FL&d=19243 https://www.morelaw.com/verdicts/case.asp?s=FL&d=19243
- gowld 6y agoThat's different. The manager made an ambiguous oral statement, and in contract law ambiguity is resolved in favor of the party with less power or who didn't make the ambiguous statement.