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Old 10-06-2010, 08:35 PM   #66
win-a-pea-socky
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Default pawn shop was enriched

Quote:
Originally Posted by brk-lnt View Post
How was the pawn shop "enriched"? ........ No enrichment that I can see.

...... they pay $100 for the kayak and sell it for $200 to someone. It's reported stolen, somehow traced to the pawn shop, which has records of who they sold it to (maybe?), and it gets repossessed from that person. The pawn shop would have made $100 (not $200) on the sale, perhaps the law should require them to refund their profit. But to who?

What happens if the original owner ultimately gets his kayak back? Is he then liable to refund the pawnshop back their money?

It appears that the pawn shop was enriched by $100 (or whatever profit they made on the sale) and the honest victims who bought it from them are $200 poorer. the pawn shop should return the $200 to the victim and just give up their profit of $100, or whatever. and then the pawn shop is only out $100, or whatever they paid the crook - it could have been even less. a $100 loss for a business compared to their total annual income hurts a lot less than a $200 loss to an individual compared to their total annual income - generally speaking.

and whatever happened to good customer service or the customer is always right? wouldn't it be worth a $100 expense to a business to get some good publicity out of doing the right thing and returning the money to the honest victim who did the right thing?
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