I have never really been a big fan of pawn shops because I have always heard of the lack of business ethics that many owners encompass. Recent events at the Aces Up Trading Post have solidified my judgment of these so-called businesses. \r
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Yesterday, a local Oswego man, who lives in an adult assisted home for people with special needs, sold an adult bicycle to the pawn shop for $50. Some would question why this is such a big deal, but to local community members, including employees from Sharons Hair Gallery, Patz Restaurant, and friends, spent most of December raising money for this bike which is worth $400-$500. Their idea was to bring back the true Christmas spirit and give to someone who really deserved it.\r
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Earlier this year this man came into Sharons Hair Gallery with a lottery ticket and one of the employees helped him understand the rules of the game. She asked him, If you win a million dollars, what will you do with it? His response was, I would buy that pretty blue bicycle at Wal-Mart! To him that would be worth a million dollars because he said he had never owned a bike before. \r
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So this employee, along with people she had told, set out a jar for the Bike Fund. Customers and employees donated all month to raise money to buy the bike and just before Christmas the bike was purchased at, a local bike store. The owner of the bike shop even showed his Christmas cheer by giving the bike to them at cost. \r
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Everyone was so excited to see the joy this gift would give this local man, so they set up a party at Patz with many members who had contributed. The man was brought there as a surprise and the bike was revealed, with a helmet and a bike lock. They continued the evening with food and drinks, with everyone enjoying this heartwarming experience.\r
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As you can see it is saddening that a local pawn shop owner would take advantage of someone that doesnt have the full capacity to understand what he/she is doing. Employees from both businesses explained to the owner about the circumstances, less than 24 hours after the transaction. Two of them even offered to buy the bike back for the $50, but she refused. The employees were told that this is a business and this is how she makes money. How can a human being..business owner or not act in this manner?\r
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The police were involved as well, but the owner told the police the bike was sold this morning, less than 24 hours after she received it. It seems that the police were not aware of Business Law 101it is illegal to take advantage of mentally impaired individuals and the contract should be considered void. ***WEST'S BUSINESS LAW (10th Edition) states that a contract needs to meet certain criteria for it to be valid; which one element is that BOTH parties must be of sound mind to enter into the agreement. Anyone who has a guardian, such as a minor or a mentally impaired individual, does not fall into this category. Not only should the validity of the contract be questioned, but also the fairness. In order for a contract to be valid it must be fair. The bike was only a few weeks old and in mint condition. \r
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If he had a million dollars and would only want a bike, it seems obvious he does not understand the value of money! This whole situation is so disheartening and sad for the good people in this city that were trying to do something nice. YOU SHOULD BE ASHAMED!\r
Cons: Rude Owner/ No ethics!!!
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