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
Intellectual incontinence
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
wtf? Comment
