This was usually justified on the grounds of investor protection (widows and orphans would be ripped off by an Internet broker), or liquidity (best concentrated in one big pool).
Partly because no one likes to be ripped off.
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The Festo case, which appears to be bound for the Supreme Court, is pitting large companies (such as IBM and Ford), which say that the fuzzy equivalency doctrine encourages lawsuits, against smaller companies, which are worried that their innovations will be ripped off.
Or buyers may be concerned about getting ripped off by the stranger they purchase the vehicle from or worry that they'll unknowingly purchase a stolen vehicle.
Its roof ripped off, passengers can be seen standing on the top deck, waiting to get off.
Then again, if you're willing to hand big bucks to someone you don't know for a product you have not even laid eyes on, getting ripped off would appear to be the least of your problems.
They have created powers, too, so that if people are ripped off by energy firms they will be able to get compensation through the energy regulator.
But doesn't the fact that a DVD can be made for as little as 16p suggest customers are being ripped off in the shops?
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In any event, given Spain's large regional disparities, some equalising mechanism will also still have to be agreed on, with rich regions screaming that they are being ripped off, and poor ones that they are being starved.
As I point out in my Kobe beef and Parmigiano-Reggiano stories, it is not just a matter of the consumer getting ripped off and hurt in the wallet, this can be matter of both health and morality.
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Liberal Democrat MP Mike Hancock has said that costs should be refunded by the government - and that otherwise councils would have been "ripped off".
His most notable investment may be buying and selling Ticketmaster, an outfit which has managed to make every concertgoer in the United States feel ripped off.
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