Memory Lane sold cards they didn't have per SCD

[Aquarian Sports Cards]

Originally Posted by ValKehl

It is my understanding that generally, a consignor retains title (ownership) to his consigned items until they are sold and paid for. Of course, any specific consignment arrangement can be different in this regard. My REA consignment agreement states that if a winning bidder does not pay within a reasonable time, REA has the option of paying the consignor, in which event REA will then have title to the consigned items.

we have a similar clause with options in case of non-payment.

[parkplace33]

It’s been just over 30 days from the theft. Anyone heard any update from the parties?

[Peter_Spaeth]

There was a funny post on Blowout.
https://www.blowoutforums.com/showpo...8&postcount=98

[jayshum]

Originally Posted by Peter_Spaeth

There was a funny post on Blowout.
https://www.blowoutforums.com/showpo...8&postcount=98

Is that a real story about the arrest? I searched on nbcnews.com and I also did a Google search, and I am not finding anything about an arrest.

[G1911]

Originally Posted by jayshum

Is that a real story about the arrest? I searched on nbcnews.com and I also did a Google search, and I am not finding anything about an arrest.

It’s a joke.

[jayshum]

Originally Posted by G1911

It’s a joke.

That's what I was guessing after not finding anything myself, but it looks very realistic.

[FrankWakefield]

Scott / Aquarian...

I don't see how that clause 7 of your contract can be stretched to say that unless buyer and seller agree to pull a lot from the auction, then it cannot be done and you must continue with a lot's auction when you no longer have the item; and that as a seller you are authorized to defraud bidders and an eventual winner by accepting bids when you well know that you don't have the item.

Regardless of clause 7, you know that's not right.