> But if you're buying a ticket for something that doesn't exist yet, that's an investment.
Out of curiosity, does this include concerts and events?
Out of curiosity, does this include concerts and events?
California Business and Professions Code 22507: "the ticket price of any event which is canceled, postponed, or rescheduled shall be fully refunded to the purchaser by the ticket seller upon request."[1] The seller thus has the financial risk if the event is cancelled. This is coming up a lot during the epidemic.
[1] https://www.nbcbayarea.com/investigations/consumer/little-kn...