I think you should get the cash and the profits but not quite in the manner you think.
You are 16 and ehem, you want to do things your own way, that should be fine. The $1600 should be a loan. The $400 profit should be given to you however there should be a loan fee given back to your dad for providing the loan. I would think you should get about $325 back.
I think your Dad should be willing to do this arrangement with you as many times as you care to do it.
In the end you would all get what you want. Your dad would get the original $1600 dollars plus about $275 profit for use of his money. You would make your original $2000 for a laptop plus another $2000 for spending money. (You would have to flip about 11 machines) You would get the money on your own terms and your own way.
Doing things this way you wouldn't come across like a whining, spoiled brat. (Which is btw, how you are coming across now and why people don't get the "point") You would be a man on your own terms dealing with adult money matters in an adult way. (you borrow money, you repay it, you pay for borrowing it)
I don't know if your dad would go for it, but it sounds like a good way to resolve it to me. You could even print up a nice contract making you legal liable for the money and a way to resolve it if you lose the money.
Your father gave you money with the understanding that you would use it to get a laptop.
After all is said and done, you didn't use it to get a laptop. You decided to make a 25% profit on his money and keep it for yourself. Remember: your father didn't just give you $1600. The money was a means to a stated end.
If you want $1600 to become a wrangler on eBay and make money for college, get a job and earn it yourself.
As for suing your own father over $400, I really hope you're not serious. You do not want to do that to your family because of 400 measly dollars. <img src="graemlins/oyvey.gif" border="0" alt="[No]" />
Sorry for sounding like a spoiled brat. I think you people read to deep into things. I'm just frusterated. I wanted to keep trading up until I could afford a PowerBook because it was meant to be my primary machine. For him to take my money order and deposit it without my knowledge was WRONG though probably still legal. I just don't understand why he won't let me keep trading up, it doesn't hurt him in any way. As for the loan thing, he doesn't want the money back, he just wants me to buy a laptop with the money; though I would be willing to do the loan thing.
<strong>Your father gave you money with the understanding that you would use it to get a laptop.
After all is said and done, you didn't use it to get a laptop. You decided to make a 25% profit on his money and keep it for yourself. Remember: your father didn't just give you $1600. The money was a means to a stated end.
If you want $1600 to become a wrangler on eBay and make money for college, get a job and earn it yourself.
As for suing your own father over $400, I really hope you're not serious. You do not want to do that to your family because of 400 measly dollars. <img src="graemlins/oyvey.gif" border="0" alt="[No]" /> </strong><hr></blockquote>
The lawsuit thing was a joke, sorry for the confusion. Oh ya, I do have a job and do earn money for myself and have bought and sold 2 more PowerBooks and saved $700 more for college by selling those 2.
<strong>Sorry for sounding like a spoiled brat. I think you people read to deep into things. I'm just frusterated. I wanted to keep trading up until I could afford a PowerBook because it was meant to be my primary machine. For him to take my money order and deposit it without my knowledge was WRONG though probably still legal. I just don't understand why he won't let me keep trading up, it doesn't hurt him in any way. As for the loan thing, he doesn't want the money back, he just wants me to buy a laptop with the money; though I would be willing to do the loan thing.</strong><hr></blockquote>
If he wants you to get a laptop so badly, ask him for more money so you can just get a Powerbook
Are there this many stupid people on eBay? I thought Murbot had them all cornered. Who in their right ming would pay like new prices for used equipment? I thinkI should get in on this action.
I had to save, do some outside work, eat Ramen a bit more than I'd like, etc. to get the money for my SuperDrive iMac.
And, of all things, ended up buying it exactly one day before it jumped up $100! First time I'd been blessed with that sort of good luck/timing on a major purchase like this.
Usually it's the other way around (DROPS $100 the day after I buy it).
See I was going to use that money to keep trading up so I could get a PowerBook eventually. He just F'd up my plans. I wanted to be able to get a PowerBook with that money. For everyone's info, I put all my money from my job towards keeping up my car and saving for college. I guess what I'll end up doing eventually is get a PowerBook with the $2000 plus some money that I will take out of my "car upgrade fund." What really just pissed me off about the situation is what the bank did. Oh well, I guess being a minor really just sucks. Please everyone forgive me for my immature spoiled rich kid rant; this just wasn't the real me, sorry
Oh and Matsu, ebay is full of idiots; an unlimited supply.
Well, you probably found the answer you were looking for, but I agree with some of the others. Don't do it. It isn't worth $400. Money comes and goes, and you can always get more of it. You've only got one dad.
<strong>As I said earlier in the thread, the lawsuit thing was kinda a joke. I was never really going to do it.</strong><hr></blockquote>
I'm not a lawyer but I'm pretty sure your case would have been thrown out is short order anyway since you're a minor and parents have exceptional legal power when it comes to their children. And court costs would eat up that $400 profit pretty quickly.
Also, why not tell your dad about your plan and see if he'll go along? Otherwise just politely accept his gift.
If my dad had bought given me the money to buy a new laptop, I would still own it to this day.
My Dad died my freshman year of college when I was 18. I'm 32 now and I have come to realize that i never got to talk with my Dad as an adult.
You sound like a spoiled brat, ungrateful, unappreciative, and lacking an appreciation of being fortunate enough to have a Dad willing to buy you a computer.
You can run your greed schemes later when you ride on Daddy's coattail into an exec position of WorldCom/Enron/ (insert future unethical business here)
Money is worthless, the more I make the more I dislike it.
You can run your greed schemes later when you ride on Daddy's coattail into an exec position of WorldCom/Enron/ (insert future unethical business here)
</strong><hr></blockquote>
LOL, not even close. Good try though. If you take the time to read ALL of the posts in the thread, you will be better informed when you post.
To actually answer the question, it sounds like your father attemtped to make a conditional gift. Gifts are irrevocable once delivered and conditions fail upon delivery, so when he handed you the $, his condition failed. In order to get around this, he could try to couch the deal as a contract, but coming as it did on your b-day, that would probably fail. Also, if it was a contract, he couldn't claim breach b/c you actually bought a laptap. There is no implied condition that you keep the item and contracts b/w minors and adults are voidable at the minor's option, not the adult's.
The money situation is a bit more nuanced b/c you gave it to him and the bank depositing the check in his account w/o indorsement so this involves the UCC on negotiable instruments and other nasty laws that are too complicated for this forum.
I know you said you were joking but I figured somebody should actually answer your question instead of picking on you. It was your dad's choice to give you a gift of that size, not yours. I have the sneaking suspicion that if the gift was $10, everybody would be saying "oh come on, get over it. Its only $10." I don't understand how the size of the gift justifies your father taking it back and pocketing your profit. <img src="graemlins/oyvey.gif" border="0" alt="[No]" />
Anyway, don't sue your dad. Ask him to buy you a laptop and let him handle the transaction. And you've also learned not to give him your money.
Thoth2, the arguments that you pointed out are exactly what have been going through my head. This is what I have thought about the situation all along. Your logical reasoning and good points that you posted are what I tried (but failed) to write in my posts and I thank you for saying what I have been meaning to all along. By the way though, I didn't "give him" the money like you said, he intercepted the mail. I am glad someone finally took the time to look at the situation and come up with a response.
Well, we have come up with an answer to the problem that I think my dad and I both agree on. He will pay me back the $2000 over several months and then I will be able to use that money for my portable computing needs or my automobile needs such as fixing the AC. Contrary to the way people percieve me, I am VERY grateful that I was able to receive this kind of money for a present. He thought a 16th birthday was especially important for some reason and I lucked out. So after a year, we have finally settled the problem. Thanks to people like Thoth2 who didn't just flame.
Comments
You are 16 and ehem, you want to do things your own way, that should be fine. The $1600 should be a loan. The $400 profit should be given to you however there should be a loan fee given back to your dad for providing the loan. I would think you should get about $325 back.
I think your Dad should be willing to do this arrangement with you as many times as you care to do it.
In the end you would all get what you want. Your dad would get the original $1600 dollars plus about $275 profit for use of his money. You would make your original $2000 for a laptop plus another $2000 for spending money. (You would have to flip about 11 machines) You would get the money on your own terms and your own way.
Doing things this way you wouldn't come across like a whining, spoiled brat. (Which is btw, how you are coming across now and why people don't get the "point") You would be a man on your own terms dealing with adult money matters in an adult way. (you borrow money, you repay it, you pay for borrowing it)
I don't know if your dad would go for it, but it sounds like a good way to resolve it to me. You could even print up a nice contract making you legal liable for the money and a way to resolve it if you lose the money.
Nick
After all is said and done, you didn't use it to get a laptop. You decided to make a 25% profit on his money and keep it for yourself. Remember: your father didn't just give you $1600. The money was a means to a stated end.
If you want $1600 to become a wrangler on eBay and make money for college, get a job and earn it yourself.
As for suing your own father over $400, I really hope you're not serious. You do not want to do that to your family because of 400 measly dollars. <img src="graemlins/oyvey.gif" border="0" alt="[No]" />
<strong>Your father gave you money with the understanding that you would use it to get a laptop.
After all is said and done, you didn't use it to get a laptop. You decided to make a 25% profit on his money and keep it for yourself. Remember: your father didn't just give you $1600. The money was a means to a stated end.
If you want $1600 to become a wrangler on eBay and make money for college, get a job and earn it yourself.
As for suing your own father over $400, I really hope you're not serious. You do not want to do that to your family because of 400 measly dollars. <img src="graemlins/oyvey.gif" border="0" alt="[No]" /> </strong><hr></blockquote>
The lawsuit thing was a joke, sorry for the confusion. Oh ya, I do have a job and do earn money for myself and have bought and sold 2 more PowerBooks and saved $700 more for college by selling those 2.
<strong>Sorry for sounding like a spoiled brat. I think you people read to deep into things. I'm just frusterated. I wanted to keep trading up until I could afford a PowerBook because it was meant to be my primary machine. For him to take my money order and deposit it without my knowledge was WRONG though probably still legal. I just don't understand why he won't let me keep trading up, it doesn't hurt him in any way. As for the loan thing, he doesn't want the money back, he just wants me to buy a laptop with the money; though I would be willing to do the loan thing.</strong><hr></blockquote>
If he wants you to get a laptop so badly, ask him for more money so you can just get a Powerbook
<strong>Sorry for sounding like a spoiled brat. .</strong><hr></blockquote>
<img src="graemlins/lol.gif" border="0" alt="[Laughing]" /> <img src="graemlins/lol.gif" border="0" alt="[Laughing]" /> Sounding like?!?!?
This explains so much about your ideas!!!
By the way, I believe, as your father, he has the legal right to the famed
BECAUSE I SAID SO.. THAT"S WHY! clause.
but, you may not be able to sue him, but soon you'll be able to inform on him...
And, of all things, ended up buying it exactly one day before it jumped up $100! First time I'd been blessed with that sort of good luck/timing on a major purchase like this.
Usually it's the other way around (DROPS $100 the day after I buy it).
Oh and Matsu, ebay is full of idiots; an unlimited supply.
[ 07-16-2002: Message edited by: G4Dude ]</p>
There is no one in your family who can act as a mediator?
If everything else fails, try Judge Judy
<img src="graemlins/bugeye.gif" border="0" alt="[Skeptical]" />
<strong>As I said earlier in the thread, the lawsuit thing was kinda a joke. I was never really going to do it.</strong><hr></blockquote>
I'm not a lawyer but I'm pretty sure your case would have been thrown out is short order anyway since you're a minor and parents have exceptional legal power when it comes to their children. And court costs would eat up that $400 profit pretty quickly.
Also, why not tell your dad about your plan and see if he'll go along? Otherwise just politely accept his gift.
If my dad had bought given me the money to buy a new laptop, I would still own it to this day.
My Dad died my freshman year of college when I was 18. I'm 32 now and I have come to realize that i never got to talk with my Dad as an adult.
You sound like a spoiled brat, ungrateful, unappreciative, and lacking an appreciation of being fortunate enough to have a Dad willing to buy you a computer.
You can run your greed schemes later when you ride on Daddy's coattail into an exec position of WorldCom/Enron/ (insert future unethical business here)
Money is worthless, the more I make the more I dislike it.
MSKR
<strong>
You can run your greed schemes later when you ride on Daddy's coattail into an exec position of WorldCom/Enron/ (insert future unethical business here)
</strong><hr></blockquote>
LOL, not even close. Good try though. If you take the time to read ALL of the posts in the thread, you will be better informed when you post.
The money situation is a bit more nuanced b/c you gave it to him and the bank depositing the check in his account w/o indorsement so this involves the UCC on negotiable instruments and other nasty laws that are too complicated for this forum.
I know you said you were joking but I figured somebody should actually answer your question instead of picking on you. It was your dad's choice to give you a gift of that size, not yours. I have the sneaking suspicion that if the gift was $10, everybody would be saying "oh come on, get over it. Its only $10." I don't understand how the size of the gift justifies your father taking it back and pocketing your profit. <img src="graemlins/oyvey.gif" border="0" alt="[No]" />
Anyway, don't sue your dad. Ask him to buy you a laptop and let him handle the transaction. And you've also learned not to give him your money.
Thoth
Well, we have come up with an answer to the problem that I think my dad and I both agree on. He will pay me back the $2000 over several months and then I will be able to use that money for my portable computing needs or my automobile needs such as fixing the AC. Contrary to the way people percieve me, I am VERY grateful that I was able to receive this kind of money for a present. He thought a 16th birthday was especially important for some reason and I lucked out. So after a year, we have finally settled the problem. Thanks to people like Thoth2 who didn't just flame.