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Posted By: Mark

Cobby, in many (all?) jurisdictions one could get out of the sale if said sale were induced by fraud such as a material mistatement of fact. In other words, the buyer could get his money back.

Josh, you argued that lying as to purchase price is "far closer to puffery or salesmanship than a material misrepresentation." Since puffery is perfectly acceptable("it's a great card") and salesmanship could almost be an admirable trait ("he's a good salesman"), I too misinterpreted your posts as saying lying is acceptable. I'm glad I was wrong.

Leon, yes I think we agree on lying, the way the rule was phrased it sounded like a "zero tolerance interference policy," a "ZTIP" if you will.