View Poll Results: Should I give my friend some of the earnings?
Give him 50%
2
10.53%
Give him 10%
0
0%
Give him nothing
17
89.47%
Voters: 19. You may not vote on this poll
Dilemma when selling a plane
05-07-2018, 10:41 PM
#1
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Dilemma when selling a plane
Dear all
I have a dilemma: Two years ago my friend and I bought a second hand plane together for a bargain for the purpose of having a “united plane”. The idea was his. He selected and found the plane and supplied and installed the motor. I supplied and installed the radio and stuff, and made some repairs. Before it was airborn, he got cold feets, and wanted to back out of the project, so I bought his share, and returned his motor. Now I’v been flying the plane for two years, and want to sell it. The market price for the plane is much higher than our bargain, so I aim to sell it with some profit. And here is the dilemma: Should I donate him some of the profit that I earn on the sale?
I have a dilemma: Two years ago my friend and I bought a second hand plane together for a bargain for the purpose of having a “united plane”. The idea was his. He selected and found the plane and supplied and installed the motor. I supplied and installed the radio and stuff, and made some repairs. Before it was airborn, he got cold feets, and wanted to back out of the project, so I bought his share, and returned his motor. Now I’v been flying the plane for two years, and want to sell it. The market price for the plane is much higher than our bargain, so I aim to sell it with some profit. And here is the dilemma: Should I donate him some of the profit that I earn on the sale?
Last edited by Propellars; 05-08-2018 at 09:57 AM.
05-08-2018, 02:52 AM
#2
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I said give him nothing because you gave him what he had in it and after two years he has no vested interest in it anymore. If that were me I wouldn't expect anything from you.
05-08-2018, 04:24 AM
#5
agree,.... you owe him nothing. you bought him out two years ago and that made the plane and whatever you do with it, completely yours. no guilt involved,... it was fair and square and both you and he agreed to the buy out deal.
05-08-2018, 11:42 AM
#7
Propellers!
It could have turned out the other way too. You bought him out, flew the plane and lost it, there by loosing your total investment into the jet, and he walked away with cash......and probably guilt too.
It could have turned out the other way too. You bought him out, flew the plane and lost it, there by loosing your total investment into the jet, and he walked away with cash......and probably guilt too.
Last edited by RCFlyerDan; 05-08-2018 at 11:58 AM.
05-08-2018, 02:17 PM
#8
Lars , if this man is truly a friend , He'll be happy for you that you got to enjoy the plane that he bailed out of (financially ha ha) , and to see you get a good return on the investment should be all the friend should care about (better than to see you loose money on it) .
In short , you "owe" him nothing , and if his reaction to your good fortune is to be happy for you , maybe you could buy him a beer or two with some of your profits on the sale
