Re:Nikola admits prototype was rolling downhill in promotion...
by lordnacho on Monday September 14, 2020 @03:03PM
(#24473820)
The law normally considers what a reasonable person would think, doesn't it? Who would think it was anything other than moving under its own power?
Re:Nikola admits prototype was rolling downhill in promotion...
by xkjkls on Monday September 14, 2020 @03:12PM
(#24473916)
It depends on the circumstance. In the case of an investor, there's much more assumed due diligence than just "what a reasonable person would think".
Re:Nikola admits prototype was rolling downhill in promotion...
by lordnacho on Monday September 14, 2020 @03:43PM
(#24474256)
If the guy shows you a video, are you gonna actually ask him whether it was what it looks like?
I guess you ought to kick the tyres on the real thing though.
Re:Nikola admits prototype was rolling downhill in promotion...
by awb on Monday September 14, 2020 @04:00PM
(#24474446)
Investors are supposed to conduct their own due diligence which could include talking to the engineers or setting up a demo under mutually agreed conditions at which point the difference between "in motion" and "driving" would be uncovered.
It's definitely not a good look though.
But the very idea that "yeah, you're right on all the facts, its just that we didn't really 'lie'" isn't a great defense of the business