Friday, April 18, 2008
Thanks for the publicity
When Alan Gorsuch was sued for fraud and misrepresentation in 1999 in the Titanic boat ticket auction, one of the reasons why he was found guilty of fraud and misrepresentation was that it was seen that he misrepresented the possible value of the ticket.
The man who originally sold the ticket to Alan had no clue what the possible value might be. Alan allowed the man to "name his price". He did. Alan auctioned the ticket.
Made bank. Big Big Bank.
How to judge if something was a case of fraud is that a buyer of the widget has to prove they did the best they could to give the seller of the widget a fair price. The court found Alan didn't do that.
When I was taking law classes, in my Litigation class, we studied the Gorsuch case as one that is so Crystal clear about what constitutes legal fraud.
I think about this all the time. I buy stuff. But unlike Gorsuch, I have little expertise in anything but crackpots, liars and vintage clothes.
Oh, I also know a lot about children, gardening, and marriage.
I know a lot about loyalty.
I know a lot about Good Faith.
If you want to read the trial documents and make up your own mind, click the link!
Court of Appeals Division II State of Washington
Opinion Information Sheet
The man who originally sold the ticket to Alan had no clue what the possible value might be. Alan allowed the man to "name his price". He did. Alan auctioned the ticket.
Made bank. Big Big Bank.
How to judge if something was a case of fraud is that a buyer of the widget has to prove they did the best they could to give the seller of the widget a fair price. The court found Alan didn't do that.
When I was taking law classes, in my Litigation class, we studied the Gorsuch case as one that is so Crystal clear about what constitutes legal fraud.
I think about this all the time. I buy stuff. But unlike Gorsuch, I have little expertise in anything but crackpots, liars and vintage clothes.
Oh, I also know a lot about children, gardening, and marriage.
I know a lot about loyalty.
I know a lot about Good Faith.
If you want to read the trial documents and make up your own mind, click the link!
Court of Appeals Division II State of Washington
Opinion Information Sheet
Docket Number: 26013-1-II
Vern Westby, Respondent
v.
Alan and Cheryl Gorsuch etal, Appellants
Pierce County Superior Court Civil Case 99-2-08134-5
Case Title: | VERN WESTBY VS ALAN GORSUCH ET AL |
Case Type: | Commercial |
Access: | Public |
Track Assignment: | Standard |
Jury Size: | 6 |
Estimated Trial Length: | 4.0 days |
Dept Judge: | 09 SERGIO ARMIJO |
Resolution: | 12/14/2000 Jury Verdict after Trial |
Completion: | 03/09/2001 Judgment/Order/Decree Filed |
Subscribe to:
Posts (Atom)