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What's the ethical thing to do?
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<p>[QUOTE="medoraman, post: 1711132, member: 26302"]That is fair sir, but I have had a similar situation in business. We contracted for a certain grade of a commodity, with both parties under the assumption of that grade. When the commodity arrived, our professionals, (who had more knowledge in the area than the sellers), determined it was a much higher grade, (effectively turning it into a completely different good), than either of us thought. We discussed it internally, and we mailed the sellers another check for the difference. </p><p><br /></p><p>Your point that the transaction was made based upon slab information could be correct, but will not change my opinion. If the transaction was done based upon slab information, and the expert in this situation, (the dealer), later finds out it was in error and the coin is in actuality mislabeled as to the TYPE of coin it is, I would view that as an invalid sale. Ethically, the sale should be reversed and renegotiated.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1711132, member: 26302"]That is fair sir, but I have had a similar situation in business. We contracted for a certain grade of a commodity, with both parties under the assumption of that grade. When the commodity arrived, our professionals, (who had more knowledge in the area than the sellers), determined it was a much higher grade, (effectively turning it into a completely different good), than either of us thought. We discussed it internally, and we mailed the sellers another check for the difference. Your point that the transaction was made based upon slab information could be correct, but will not change my opinion. If the transaction was done based upon slab information, and the expert in this situation, (the dealer), later finds out it was in error and the coin is in actuality mislabeled as to the TYPE of coin it is, I would view that as an invalid sale. Ethically, the sale should be reversed and renegotiated.[/QUOTE]
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What's the ethical thing to do?
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