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Comment by natewrench

16 hours ago

i feel bad for the family but that's the nature of the business, the cost of doing business is always a risk. If the collection was worth or appraised at 200k then the family should have done more due diligence. I mean its their life savings. How much paperwork could be done to protect the assets. branding the boxes with tamper proof stickers

4 comments

natewrench

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giltron  16 hours ago

You are being disingenuous. They had a signed contract (consignment) with the franchisee. The other entity then just took what is physically in the store.

It is however a civil matter.

Please enlighten us what other "due diligence" these people should have done for your point.

  • fastball  9 hours ago

    Maybe I'm missing something, but isn't this more criminal?

    BAM / new franchisee claims that any consignment deal is null and void after their takeover. If they knowingly possess items that therefore do not belong to them legally (because they were never owned by the previous franchisee), is that not theft (and therefore criminal behavior)?

    Like imagine the previous franchisee left their phone in the store. Then the new owners say "nah, it doesn't belong to me". But actually it does. That is theft.