Dvar+Torah+5

מקח טעות - "Business mistake" when can someone claim a mistake and reclaim the deal?

"The Reasonable Person" - It is expected that the consumer knows a "reasonable" amount. What does this mean?

"The Ignorant Person" - When is a person considered ignorant.

"Speculative Deal" - Buying something on the chance or expectation that there is something more valuable involved in the future.

What is exploitation of a consumer? Misleading the "average" person.

Many of our laws are "common law," or laws originating from Britain. The Federal Trade Commision was formed in 1914. They were to abolish unfair methods of buisness. They agreed that one should be expected to know almost nothing.