Explore BrainMass
Share

Explore BrainMass

    White-Collar Crime

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    White-Collar Crime

    Defining white-collar and economic crime can be difficult at first. In many cases, such as frauds, money is not stolen by force; it is given willingly as a result of deception. Let us start our course by considering where the line exists between "buyers beware" and "fraud, read each scenario given below and answer the following questions:
    •A telephone marketer promises a solar-powered clothes dryer for $500 and then sends the buyer only a clothesline and clothes pins.
    ◦What is the buyer's responsibility in a situation like this?
    ◦Would this be a crime in your state? Why?
    ◦What is the boundary between caveat emptor and aggressive advertising?
    •There are several instances of companies knowingly selling defective or unsafe products. Clearly, a car company that knowingly sells cars with defective air bags is committing a crime. But what if the product in question is legal, such as cigarettes or fatty fast food? Analyze the following situations and explain where responsibility should lie in each case:
    ◦A store selling cigarettes to a customer with emphysema.
    ◦A casino allowing a person with a gambling addiction to gamble.
    ◦A fast-food restaurant selling cheeseburgers to an obese customer.
    ◦A bar serving alcohol to a habitual drunkard.
    •Which of the above situations should be illegal?

    © BrainMass Inc. brainmass.com October 10, 2019, 8:21 am ad1c9bdddf
    https://brainmass.com/law/crimes-offenses/white-collar-crime-620840

    Solution Preview

    http://www.investopedia.com/terms/c/caveatemptor.asp

    •A telephone marketer promises a solar-powered clothes dryer for $500 and then sends the buyer only a clothesline and clothes pins.

    ◦What is the buyer's responsibility in a situation like this?

    The buyer's responsibility in this situation is very limited as the buyer is required to rely upon the truthfulness of the seller as they cannot view the merchandise before buying it or verify its authenticity. Therefore, the seller is promulgated a fraud if they sell a product that has been advertised as one item but is sold as something inferior or entirely different. The seller will be responsible for any damages that the buyer incurs as a result of this fraud.

    ◦Would this be a crime in your state? Why?

    Yes, this is a case of fraud because the buyer was told they would receive a certain item but were given something entirely different after spending their money. This is a crime in any state as the telemarketer was ...

    Solution Summary

    White-Collar Crime is examined. The buyer's responsibility in a situation is provided.

    $2.19