Law Boy

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Friday, December 24, 2010

It's My Jersey and I’ll Sell It If I Want To

Occasionally, sports players will sell their trophies or jerseys. The question is: is it legal? If a jersey must be returned to the team at the end of the sport’s year, clearly it is not legal to sell it. I agree with this law. But, what if the item sold was an award or trophy? The way I understand it, this is legal, but against the unwritten rules of the game. A football player, Terrelle Pryor, and others from Ohio State, sold some of his jerseys and awards and was suspended for five games. I agree that it was wrong of him to sell, but he probably needed the money. Also, I think that if it is wrong for the seller, it is also wrong for the buyer, but they cannot punish the buyer because most likely he is not a sports player.

Lawboy-

To Cap Or Not To Cap

Transaction fees are a minimal price to pay for the convenient use of credit cards, although the government is now saying that these fees are too high and should be capped. The government thinks they should set these caps/limits to about 12 cents per transaction. But, credit card companies like VISA, MasterCard, and American Express want to be able to choose fees. They charge, say, 3 percent of each transaction. I believe there should not be a cap on credit card fees, but the government should reserve the right to put one on in case one company gets a monopoly or companies collude to made fees go up very high.

Lawboy-