Mastro consignors not paid yet?

[HRBAKER]

Originally Posted by egbeachley

I've said it before, there is no new owner and there is no new new owner. Until the consignor gets paid, he is still the owner. As such, the consignor ultimately has little risk (outside of the payment delay and such) since if he doesn't get paid he legally gets his card(s) back. Remember, until he gets paid it's still a consignment.

I am sure this consignor feels that he is in a little risk situation. Probably not worried at all.

[egbeachley]

He needs to put in a legal claim for return of his consignment.

[three25hits]

Originally Posted by egbeachley

He needs to put in a legal claim for return of his consignment.

Whenever I am making legal claims, I always think to myself -- no risk at all, its just a little payment delay & such...

[egbeachley]

Think of it this way. When has the "Title" to the card transferred from the consignor. Answer: It hasn't.

Yes, the buyer is at risk.

Here's an example that's more common, but very similar. My car is worth $10,000. I sell it to you for that price and give you the car. I don't pay off the bank for the loan on the car. A couple months later you get a knock on the door from the bank asking for their car back. Guess who gets the car?

I should add a link proving this.

[Rob D.]

That example isn't similar at all. Unlike in a consignor/auctioneer relationship, the bank didn't authorize you to sell the car on its behalf.

This isn't worth debating with you, simply because your points and assumptions have little to no merit. I'll let someone else continue this lesson in frustration.