The Marriage: Post Honeymoon
Credence goods: Experts often cheat
- Accounting fraud
- Accounting, creative
- Appraisals were inflated
- Breach of duty
- Credence good fraudulent expert
- Credence goods
- Development agents really just mini-franchisors
- Duty of care
- Fox to guard the henhouse (self-regulation)
- Franchise bar provides plausible reasons
- Fraud, renovation
- Fraudster accountant
- Fraudster broker
- Fraudster finance expert
- Fraudster franchisor
- Fraudster real estate
- Fraudulently selling fraud insurance
- Lawsuit is frivolous, without merit and will defend vigorously
- More one-sided information leads to greater deceit
- Outrageous fees
- Professional negligence
- Professional self-regulation
- Self-regulating professionals does not protect consumers
- Sham of self-regulation
A form of slavery, some say
- 2 per cent of valid claims make it to Trial
- David and Goliath story
- Don't use a brand name franchise lawyer
- Financial failure of first franchisee a material fact to the second
- General disclosure worse than no disclosure
- Indentured servants
- Lawyer for franchisor found liable for court costs
- Lawyers can serve franchisors or franchisees, never both
- Lawyers must be stripped of self-regulation
- Like a medieval marriage
- Will work even when Variable costs > than Selling price