Duck Leeks are Poisonous: Professor Kamo's Lecture on Human Economics - Vol. 5 Ch. 29 - A High-Profit Business With No Risk (Part 7)

[MangaDex]

 

[ocsibrm]

"I'll take advantage of dumb elderly people"
"Oh no they had loving families who wanted to protect them, my one weakness!"

 

[soidish]

So the solution ultimately relies on family support, which feels like a weak answer. If family ties are strong enough, many of these scams might never happen in the first place.

What about elderly people who have no children or grandchildren? That seems especially relevant in Japan, where an increasing number of seniors live alone.

And the solution that uses the adult guardianship system is not realistic at all. The system is only available to people with dementia or cognitive decline, and if a person is diagnosed with either of those conditions, they cannot sign a legal contract.

 

[OWMWO]

So the loophole lies in the verbal explanation, confronted with verbal statement, is where the problem start and how the problem 'solved'.

I have several questions..
Is that adult/elderly guardianship system/insurance is a real thing?
They just got 600M in bank, what is the harm in cashing 1/4 of it to pay the penalty fees?
So in short the solution is similar to insurance scam uno reverse? For example in life insurance, put in contract on someone with a 'healthy' track record, had legitimacy period finished (or test period, I don't know the term), months after that, that someone cash in the money because by miracle he got life threatening cancer.

 

[soidish]

So the loophole lies in the verbal explanation, confronted with verbal statement, is where the problem start and how the problem 'solved'.

I have several questions..
Is that adult/elderly guardianship system/insurance is a real thing?
They just got 600M in bank, what is the harm in cashing 1/4 of it to pay the penalty fees?
So in short the solution is similar to insurance scam uno reverse? For example in life insurance, put in contract on someone with a 'healthy' track record, had legitimacy period finished (or test period, I don't know the term), months after that, that someone cash in the money because by miracle he got life threatening cancer.

They will have to return $600 million because the deal was terminated, in addition to paying a penalty fee.

 

[Babymech2]

I have several questions..
Is that adult/elderly guardianship system/insurance is a real thing?

Voluntary adult guardianship is definitely real (involuntary is court-ordered, in cases of e.g. dementia, and voluntary is freely contracted), both in Japan and other countries. The guardianship contract has to be notarized, so there'd be a public record somewhere, but I'm not sure how people are protected against scams like this one (because let's face it, even if it was for a good cause these perfectly competent elderly people scammed the fraudsters). In a sane world the nullity of the purchases would also allow the fraudsters to get out of their penalty clauses, but this manga doesn't operate in a sane world where contracts contain normal boiler plate and are checked by lawyers.

(also worth noting - unlike the cutesy world of this manga, in real life many of the problems with guardianship typically come from the guardians scamming the crap out of their elderly wards, rather than evil executives)

 

[solamente]

I think this is maybe the only resolution that preserves dramatic irony, but I was hoping there'd be something more clever than a penalty cause. Possibly this isn't the whole plan

 

[Ashteron]

Voluntary adult guardianship is definitely real (involuntary is court-ordered, in cases of e.g. dementia, and voluntary is freely contracted), both in Japan and other countries. The guardianship contract has to be notarized, so there'd be a public record somewhere, but I'm not sure how people are protected against scams like this one (because let's face it, even if it was for a good cause these perfectly competent elderly people scammed the fraudsters). In a sane world the nullity of the purchases would also allow the fraudsters to get out of their penalty clauses, but this manga doesn't operate in a sane world where contracts contain normal boiler plate and are checked by lawyers.

(also worth noting - unlike the cutesy world of this manga, in real life many of the problems with guardianship typically come from the guardians scamming the crap out of their elderly wards, rather than evil executives)

How is that a sane world? In that scenario Kamo is screwed over, even though he isn't the one who signed invalid deals.

 

[Babymech2]

How is that a sane world? In that scenario Kamo is screwed over, even though he isn't the one who signed invalid deals.

In a sane world the fraudsters get a basic contract from a cheap lawyer who reviews the terms and lists the potential pitfalls, and adds basic precautions and insurances. For example, they might clarify that in the event of fraud or invalidity of the underlying sale, both parties withdraw from the agreement without penalties - or you could add a smaller penalty for failing to do basic due diligence - but most companies would not sign a contract that provides no security in the event that they get scammed. In addition, most jurisdictions regulate what happens to contracts in the event of fraud, to allow both parties to step away from the situation with minimal damage to both sides. All payments are rolled back (both the payments for the house purchases and Kamo's 600M payment), and it's very difficult to claim that the penalty clauses should be triggered. I mean - you say Kamo didn't sign invalid deals, but he also did absolutely no due diligence on the actual transfer of ownership to LLS, he just paid immediately without any review.

The cancellation with Kamagi would be more complicated, but if Kamagi were a sane company they would be more interested in reinstating the contracts than cashing out penalties, especially since all of this seems to take place over 2 or 3 days... In a sane world, again, the cancellation would take much longer, the payment requirement would not be immediate, it would be possible to set up a payment plan over time, and there would most likely be insurances in place to take the edge off the penalty.

It doesn't really matter though, since this manga is pretty much a revenge fantasy; apparently Long Life Living Support is not even a limited liability corporation, since the executives end up being personally liable for getting scammed.

 

[I_love_Spring]

And another villain business falls apart x)