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Is it illegal to buy a ring at one store then return it at another for a profit?
BonJKoK
I don't quite understand what you mean by "return." You are certainly free to SELL
the ring which you legally purchased and which is now legally your property.
This does not include rings purchased using the store's credit. You must have paid the entire asking price at the original store and own the ring outright before you are legally allowed to "dispose" of it. The reason for this is that until you pay off the ring, the store still owns it. The ring is the same as a car you drive off the lot after financing it. You do not own it until you have paid for it entirely.
However, barring all that. IF you have paid for the ring entirely and IF you legally own it then yes you can do anything you wish with the ring. This includes selling the ring to another store that is offering to purchase it from you. It would be illegal, however, to purchase a ring, whether on store credit or outright, and then attempt to resell it to the same store without alerting them to the fact that the ring was recently purchased from them.
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∙ 14y ago
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