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Posted By: P Spaeth

The PSA question could be a good law school exam question. Is the act of grading a card an ongoing representation or warranty, such that there would be no statute of limitations issue vis a vis a new buyer even though the Wagner was graded 16 years ago? Does PSA owe a duty of care for purposes of a possible negligence claim to the world or only to the person submitting the card? With all the rumor and innuendo out there, does any buyer assume the risk it is trimmed? Or in the same vein, is any reliance on PSA unreasonable? Suppose PSA has only a limited warranty (they will only pay up to X dollars on an overgraded or shouldn't have been graded at all card). Is the limitation effective?