Quote:
Originally Posted by Peter_Spaeth
So you prefer to make more by a deception? Because that's what it is, whether or not a good lawyer could successfully argue no duty to disclose. Those 9 Wagners you are holding back obviously have an overwhelmingly material effect on the value of the one you are selling.
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Thankfully I don't believe the law shares or recognizes that definition of deception when it comes to third-party business transactions. I think it would really create a lot of mischief (and lawsuits) if that were the law. For example, what if I later decided to destroy the other 9 Wagners after selling the first one? Would it still have been deceptive to not disclose I had the other 9 when I sold the first one? What if I decided to keep the other 9? Do I have to disclose when I sell the first one that I have 9 more that I plan to keep until I die? And if so, do I also have to disclose at that point what my life expectancy is so that the potential buyers can figure out when these 9 are likely to hit the market (i.e, when I will likely die and my family will sell them)? Where does the duty to disclose end?