B/S/T Etiquette

[Balticfox]

Originally Posted by OhioLawyerF5

You can't possibly believe that to be true. It is the opposite of sad that a private sale of personal property is not as heavily regulated as the stock market. The last thing we need is more government interference in simple transactions.

I agree. We need no more government regulations. I'm arguing for a simple "A man's word is his bond" standard. That's effectively what's been in force in stock, bond and futures markets since late in the 19th century.

[OhioLawyerF5]

Originally Posted by Balticfox

I agree. We need no more government regulations. I'm arguing for a simple "A man's word is his bond" standard. That's effectively what's been in force in stock, bond and futures markets since late in the 19th century.

This has nothing to do with a man's word being his bond. We all agree a man's word should be his bond (in fact, I've said a man's word can be a binding contract). This thread was about a situation where there had not been an agreement in place. No man's word had been given.