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Old 02-12-2009, 08:03 AM
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Default Auction Houses-Going, Going..Gone?

Posted By: Bottom of the Ninth

I think this is simply a situation of applying common sense. If a company is going out of business or you suspect they are why would you go into a transaction where you might have to rely on a lawyer to resolve the situation? If the risk is that great but the company has goods that you want, it would make sense to walk into their place of business and exchange payment for the goods. No offense to the lawyers but even they will tell you that having to hire them to make you whole comes with a cost, sometimes greater than what you might be owed.

Greg

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