4 ms·
Should I be allowed to sell you a car that's a lemon just because you cannot see that? If I know the engine is about to die, but you test drive it and it seems
by RobAtticus 13y ago
Should I be allowed to sell you a car that's a lemon just because you cannot see that? If I know the engine is about to die, but you test drive it and it seems fine, is that really right?
- maxerickson 13y agoMost private car sales are just like that.
- RobAtticus 13y agoHmm, surprising. Could have sworn you had at least some reasonable protections that you could sue if the owner knew of problems but failed to disclose them.
- MartinCron 13y agoThere are protections against outright fraud, rolling the odometer back or not disclosing a rebuild title. If the engine is about to burst, caveat emptor.
- dreamdu5t 13y agoThat is fraud, assuming it was sold under an agreement that it should work and the seller disclosed all knowledge of problems, because the seller would be committing fraud by withholding that information. How is that comparable to insider trading? There is no fraud involved with insider trading.
- mcherm 13y agoIf the seller of stock fails to disclose all knowledge about problems with the company would that seller be committing fraud by withholding that information? It seems to me that the comparison is quite easy to make.
- dreamdu5t 13y agoYes, if the stock is sold under the agreement that part of what is being sold is everything you know about the company. Stocks generally aren't sold under such pretense or agreement and never have been (at least not any stocks I've traded).
- andrewaylett 13y agoSomeone has to buy the stock from you; if you know that there are issues with the stock and they don't, that sounds like pretty much the same situation.