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<p>[QUOTE="Lorenzian, post: 1346749, member: 35027"]I agree with jloring. Yes Ebay is full of bad people and bad coins but if not for Ebay coin values may be a lot higher if not for the availability to the masses for check and balances. </p><p><br /></p><p><b><i>Caveat emptor</i></b> "Wikipedia"</p><p>Under the <a href="http://www.cointalk.com/wiki/Doctrine" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/wiki/Doctrine">doctrine</a> of caveat emptor, the <a href="http://www.cointalk.com/wiki/Buyer" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/wiki/Buyer">buyer</a> could not recover from the <a href="http://www.cointalk.com/wiki/Sales" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/wiki/Sales">seller</a> for defects on the <a href="http://www.cointalk.com/wiki/Property" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/wiki/Property">property</a> that rendered the property unfit for ordinary purposes. The only exception was if the seller actively concealed latent defects or otherwise made material misrepresentations amounting to fraud.</p><p>Before <a href="http://www.cointalk.com/wiki/Statutory_law" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/wiki/Statutory_law">statutory law</a>, the buyer had no <a href="http://www.cointalk.com/wiki/Warranty" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/wiki/Warranty">warranty</a> of the quality of goods. In many jurisdictions now, the law requires that goods must be of "merchantable quality". However, this implied warranty can be difficult to enforce and may not apply to all products. Hence, buyers are still advised to be cautious.[/QUOTE]</p><p><br /></p>
[QUOTE="Lorenzian, post: 1346749, member: 35027"]I agree with jloring. Yes Ebay is full of bad people and bad coins but if not for Ebay coin values may be a lot higher if not for the availability to the masses for check and balances. [B][I]Caveat emptor[/I][/B] "Wikipedia" Under the [URL="http://www.cointalk.com/wiki/Doctrine"]doctrine[/URL] of caveat emptor, the [URL="http://www.cointalk.com/wiki/Buyer"]buyer[/URL] could not recover from the [URL="http://www.cointalk.com/wiki/Sales"]seller[/URL] for defects on the [URL="http://www.cointalk.com/wiki/Property"]property[/URL] that rendered the property unfit for ordinary purposes. The only exception was if the seller actively concealed latent defects or otherwise made material misrepresentations amounting to fraud. Before [URL="http://www.cointalk.com/wiki/Statutory_law"]statutory law[/URL], the buyer had no [URL="http://www.cointalk.com/wiki/Warranty"]warranty[/URL] of the quality of goods. In many jurisdictions now, the law requires that goods must be of "merchantable quality". However, this implied warranty can be difficult to enforce and may not apply to all products. Hence, buyers are still advised to be cautious.[/QUOTE]
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