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-   -   Couple withdraws money, flees after bank error puts $6 million in their account (https://www.revscene.net/forums/576434-couple-withdraws-money-flees-after-bank-error-puts-%246-million-their-account.html)

nipples 05-22-2009 08:31 PM

Quote:

Originally Posted by azndude69 (Post 6432464)
you are right man.

an advertisement is only an invitation to treat. there is no consideration given.

stores do not have to legally sell it for you if there is an incorrect label. the store can just say, sorry, wrong label. my lawyer friend who makes $300 K just told me this.

When you think about it, it makes total sense, if an employee of the motorcycle dealership as $240 instead of $2400. the dealership is not legally forced to sell it to the customer for $240.

ive had this happen to me at a couple stores where there was a price error and i knew it was too good to be true and someone just messed up.

True, but there's a whole lot more to it if the would be purchaser takes the additional steps.

At the point of you seeing the flyer or price in the store, there exists no contract binding them to sell it to you. but if you saw it on their online store and placed an order, one could argue that there exists a valid contractual obligation on the shop's part.
Also, whether the price can be argued as a genuine mistake depends on the price. yes, a motorcycle of 2k on 'sale' for say $20 or 200 is an obvious mistake. However, that depends on the circumstance. If the store is having a blow out sale and there are advertised signs showing upwards of 90% off, one could argue just how 'obvious' this is.

One could also argue that this was merely a bait n switch type of deceptive practice - used to attract potential cusstomers under the illusion getting a deal on a particular item when no such price and or item exists - and the merchant could see themselves in deep water because of this.

It's not as cut n dry as 'oh sorry it's a mistake, bye' if the store gets a customer like they many on RFD

InvisibleSoul 05-22-2009 09:08 PM

Quote:

Originally Posted by nipples (Post 6433565)
but if you saw it on their online store and placed an order, one could argue that there exists a valid contractual obligation on the shop's part.

Good luck winning that fight. It's happened, many, many times.

http://news.zdnet.co.uk/internet/0,1...9226977,00.htm

Quote:

Customers were notified via email that the company could not complete the delivery because the price of the television was originally incorrectly displayed. Amazon.com's Customer Service Department apologized for the inconvenience and cited Amazon's pricing policy, which is posted on the company's help section.

"At any given time, despite our best efforts, a small number of the millions of items on our site may be mispriced," Amazon says in its written policy. "We do, however, verify prices as part of our shipping procedures. If we discover that an item's correct price is higher than our stated price, we will, at our discretion, either contact you for instructions before shipping or cancel your order and notify you of such cancellation."

dspot 05-22-2009 09:50 PM

Quote:

Originally Posted by nipples (Post 6432209)
^ LOL
6M at say 5% interest is only 25k a year LOL

Our education system at work...

secstasy 05-22-2009 10:17 PM

finding that much money in your bank acc = dream come true .

nipples 05-22-2009 10:50 PM

excuse me, what was that again?

nipples 05-22-2009 10:51 PM

Quote:

Originally Posted by nipples (Post 6433541)
sorry i meant month lol

Quote:

Originally Posted by dspot (Post 6433626)
Our education system at work...

thanks

underscore 05-22-2009 11:27 PM

Quote:

Originally Posted by Nightwalker (Post 6433432)
Well, no evidence other than all the security cameras recording you withdrawing the money.

low hat, high collar. like I said you'd have very little time to execute it really smoothly.

Manic! 05-23-2009 12:43 AM

Quote:

Originally Posted by Nightwalker (Post 6433432)
Well, no evidence other than all the security cameras recording you withdrawing the money.

What about the swiping of a bank card entering the pin and signing for the money?

For the people who would take the money and run how would you get the money out of the country?

underscore 05-23-2009 10:54 AM

^ cards get replicated and pins get stolen all the time. jesus have you guys never heard of identity theft? people get cleaned out of hundreds of thousands and the person responsible gets away with it a lot. there is also online banking...

unit 05-23-2009 02:40 PM

how can you say 'ONLY' 25k a month?
i dream about making that kind of money.
and 5% is a very conservative return

wahyinghung 05-23-2009 03:46 PM

Hey they are in HK now according to article
 
Police hunting for a New Zealand couple who allegedly fled the country after a bank mistakenly paid them $NZ10 million ($6 million) believe they traveled to Hong Kong. New Zealand authorities have sought help from Interpol in locating the couple who disappeared May 7, two days after an employee error at Westpac bank paid them 1,000 times the amount they asked for.

TVNZ, a CNN television affiliate, named the couple as Leo Gao and his girlfriend Cara Young. Gao owned a gas station in Rotorua, a lakeside tourist town famous for its hot water springs and bubbling mud pools.

Police said Friday that the couple were believed to have traveled to Hong Kong.

"Enquiries to locate those individuals are continuing through Interpol in Hong Kong and official channels in Beijing," said Detective Senior Sergeant David Harvey.
Police were not confirming the identities of those involved but they were working with the family of one of the individuals named in the media, Harvey said.

The family were shocked at their name being associated with the case, he added.

TVNZ said the couple applied for an overdraft from Westpac worth up to NZ$10,000.

However, on or about May 5, the bank erroneously put NZ$10 million ($6.1 million) into their bank account. What would you do in this situation?

The next day, the gas station closed its doors. And the day after, the couple went missing.
TVNZ said Westpac had confirmed that a customer had attempted to unlawfully transfer amounts totaling around NZ$6.7 million ($4.1 million).

Nearly NZ$3 million ($1.85 million) had been recovered and the bank was continuing to vigorously pursue the outstanding amount, Westpac Media relations manager Craig Dowling told the station.
http://edition.cnn.com/2009/WORLD/as...ef=mpstoryview

Psykopathik 05-23-2009 05:57 PM

Quote:

Originally Posted by achiam (Post 6432872)
$25K is NOT average Joe. I think that's quite far below average Joe.
$6M in assets should be sufficient to support any average family for a very comfortable lifestyle.

its about poverty level according to the Govt. i just picked a number for some rough math. yeah i like it rough ;)


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