Thread: Wright Letters
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Old 07-08-2009, 06:30 AM
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Peter Spaeth
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[QUOTE=FrankWakefield;734585]Easily, and with good conscience, the stolen Wagner is returned to the original owner. And whoever had possession of the Wagner could seek recourse against the person from whom they bought it.
QUOTE]

This does not sound like perfect justice to me. So the original owner whose card was worth 25K back when it was stolen now gets a $2 million windfall? And if I owned the Wagner, and am now out $2 million because you ordered me to return it, what's my cause of action against the equally innocent collector or auction house who sold it to me? It can't be rescission because I don't have the card to give back. Are they strictly liable for having sold me stolen property, albeit unknowingly?
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