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I traded a shotgun for a pistol in May. Did the legally required FFL transfer. No issues.
In August, I sold the pistol to a friend and again did the legally required FFL transfer. About 3 days later, my friend gets a call from the police saying the pistol he bought came back stolen in 2007. He contacts me and I agree to give him his money back. Police contact me and I give them the details and am free of any legal issues.
My question is, what are people's opinion on whether or not the guy I traded with has an obligation (not legal) to undo the trade with me?
In August, I sold the pistol to a friend and again did the legally required FFL transfer. About 3 days later, my friend gets a call from the police saying the pistol he bought came back stolen in 2007. He contacts me and I agree to give him his money back. Police contact me and I give them the details and am free of any legal issues.
My question is, what are people's opinion on whether or not the guy I traded with has an obligation (not legal) to undo the trade with me?