Cigar Weekly

CodyMonster · 02-16-2006, 07:14 PM

I agree, there might be some circumstances you are unaware of from the other party. If you were really curious as to the nature of the issue, I would ask why the business didn't protect them from the risk. Party A should have been able to get a letter of credit from party B's bank. Or at least have the cash prior to delivery. Was there a contract drawn for the sale? I'm in a credit dept for a large corporation, so I think about this stuff. But not being paid by another party, this is the cost of doing business; this is why there are reserves for bad debt accounts. If a company can't take the loss, they shouldn’t take the risk.

Anyways, I would buy the smokes...

02-16-2006, 07:14 PM	#24
CodyMonster Member Join Date: Jan 2005 Location: Newtown, CT Posts: 235	I agree, there might be some circumstances you are unaware of from the other party. If you were really curious as to the nature of the issue, I would ask why the business didn't protect them from the risk. Party A should have been able to get a letter of credit from party B's bank. Or at least have the cash prior to delivery. Was there a contract drawn for the sale? I'm in a credit dept for a large corporation, so I think about this stuff. But not being paid by another party, this is the cost of doing business; this is why there are reserves for bad debt accounts. If a company can't take the loss, they shouldn’t take the risk. Anyways, I would buy the smokes... __________________ "We hang the petty thieves and appoint the great ones to public office." —Old Vaquero Saying