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MacOSXHints 2011 Monthly Best Hints Contest
Authored by: leamanc on Jan 05, '11 06:28:10AM

And here is why the lawyers would say that: it's because you are giving money as a prize.

It would be one thing if you were giving $250 US dollars in *cash*, but it's likely that the prize(s) will be distributed by check or direct deposit, which will take some time to process.

So say you are in England. Today US$250 is worth 160 British Pounds Sterling. Let's say that you win one of the four prizes today. But by the time you get your check or deposit, the dollar has lost serious ground vs. British pounds. Say it's only worth 100 pounds by the time you get it. Then you've got a legitimate complaint.

Anyone who does a reasonable amount of international business will understand these headaches, especially if you send invoices and afford your international customers credit.

Now, like I said, if the prize was cash, then Macworld could say, "Well, we gave you $250 in cash as promised." But what is being offered here is money, not cash. And giving the equivalent of $250 in money from one day to the next can be a real pain.



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MacOSXHints 2011 Monthly Best Hints Contest
Authored by: ferret-slayer on Jan 05, '11 11:07:43AM
So say you are in England. Today US$250 is worth 160 British Pounds Sterling. Let's say that you win one of the four prizes today. But by the time you get your check or deposit, the dollar has lost serious ground vs. British pounds. Say it's only worth 100 pounds by the time you get it. Then you've got a legitimate complaint.
Actually you don't, because the prize was "250 dollars" not "160 pounds." If they had offered an ounce of gold as the prize, it would not matter that the price of gold changed during the contest, so long as they actually delivered an ounce of gold.

I expect the real excuse was something to do with tax or securities law.

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MacOSXHints 2011 Monthly Best Hints Contest
Authored by: asmeurer on Jan 21, '11 01:34:39PM

There are also taxes and other laws to consider.



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