MONEY MORAL DILEMMA: Should Frodo give Sam the money?

MSE_Martin
MSE_Martin MoneySaving Expert Posts: 8,273
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Money Saving Expert
Here's this week's hypothetical situation for you to cogitate on:
Should Frodo give Sam the money?


Frodo collects cash off his friends Sam and Pippin and buys them a ticket to see a folk gig; yet something comes up so Sam can’t make it and asks Frodo if he knows anyone who wants a ticket. Frodo advertises the ticket around his office and manages to make £40 on it. He tells Sam the story and gives him his original cash back, but Sam thinks he should get the money as it was his ticket, but Frodo says he did all the hard work.

Enter the Money Moral Maze: Should Frodo give Sam the money?

Previous MMDs: Should Jack claim cashback at his company's expense? and hould Darth take money from his kids accounts?
Martin Lewis, Money Saving Expert.
Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.
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Comments

  • Saucepot
    Saucepot Posts: 12,322 Forumite
    Maybe they ought to consider it over a pipe and second breakfast. Or ask Gandalf.
    I wonder why it is, that young men are always cautioned against bad girls. Anyone can handle a bad girl. It's the good girls men should be warned against.-David Niven
  • Fifer
    Fifer Forumite Posts: 59,413 Forumite
    Can we consider the morality of ticket touting in this one too? I believe it's illegal in the US.
    There's love in this world for everyone. Every rascal and son of a gun.
    It's for the many and not the few. Be sure it's out there looking for you.
    In every town, in every state. In every house and every gate.
    Wth every precious smile you make. And every act of kindness.
    Micheal Marra, 1952 - 2012
  • nej
    nej Forumite Posts: 1,526 Forumite
    Split the profit, simple.
  • Saucepot
    Saucepot Posts: 12,322 Forumite
    The hobbits in question are not ticket touting as such. Touts buy up tickets with the express wish of selling them on, believing the equilibrium price to be above the issue price.

    Whats occuring in this question is someone (a hobbit) bought a ticket to event they wanted to go to and upon finding they cannot attempt to recover the ticket price.

    I wouldn't call them ticket touts, and think thats a seperate question.
    I wonder why it is, that young men are always cautioned against bad girls. Anyone can handle a bad girl. It's the good girls men should be warned against.-David Niven
  • ukmonkey
    ukmonkey Forumite Posts: 3,024
    Part of the Furniture Combo Breaker
    Forumite
    Frodo should halve the profits with Sam.

    If it wasn't for Frodo doing the leg work, the ticket wouldn't have sold. If it wasn't for Sam giving up the ticket, Frodo wouldn't have made a profit.

    Simple! :)
  • bandraoi
    bandraoi Forumite Posts: 1,261 Forumite
    The money is Frodo's.
    He bought the ticket - he took the risk
    He sold the ticket - he did the leg work.

    Sam never had anything to do with that ticket, other than being the original purchaser, he pulled out, it was Frodo's to sell, he sold it, it's his money.
  • scottytrotter
    scottytrotter Forumite Posts: 14 Forumite
    Agree with Bandraoi. Absolutely. Frodo did all the work, should keep the money.
  • W_s_n
    W_s_n Forumite Posts: 118 Forumite
    Nope, they should split the profits
    I moved here from Zimbabwe (Rhodesia) in 1980. I went to Borrowdale Primary School.
  • kalico
    kalico Forumite Posts: 211
    Part of the Furniture Combo Breaker
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    Sam should be happy he got his money back. He could have sold the ticket on himself, and therefore took the profit, but he asked Frodo to do it. So Frodo nets the cash.
  • Mics_chick
    Mics_chick Forumite Posts: 12,014 Forumite
    kalico wrote: »
    Sam should be happy he got his money back. He could have sold the ticket on himself, and therefore took the profit, but he asked Frodo to do it. So Frodo nets the cash.

    Couldn't have put it better myself :T :D
    You should never call somebody else a nerd or geek because everybody (even YOU !!!) is an
    "anorak" about something whether it's trains, computers, football, shoes or celebs :p :rotfl:
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