The official statement in the trade forums is:
Now, by no means am I for scamming people, but I do feel it has its rightful place here within the mysterious world of Ultima Online. However, my argument resides in how IRC is considered a legitimate trade media, in which all illegal transactions can be punishable."Scamming while permitted in-game may not be perpetrated though the forums or IRC. However, do not take this rule to mean everything you see in here is legitimate. Take precautions. This rule may be enforced retroactively."
Let me digress with two examples:
a.) I am advertising in Brit, asking if anyone is interested in buying a +25 hally halberd. A player approaches and shows interest, to which I inform him the transaction will take place at my vendor. He follows me to my vendor, and while I'm in the process of placing the item on the vendor, he proceeds to kill me and loot the item instead.
b.) I am advertising in IRC, asking if anyone is interested in buying a +25 hally halberd. A player messages and shows interest, to which I inform him the transaction will take place at my vendor. He meets me at my vendor, and while I'm in the process of placing the item on the vendor, he proceeds to kill me and loot the item instead.
Two legit stories, in which I've underlined the few minor differences between them, so I ask; how is a transaction over IRC deemed illegal when the exact same transaction can occur in-game and be considered legal?
My proposal: only transactions posted in the trade forums should be considered legally binding and have rules imposed should either party decide to scam in any way, shape or form. IRC should be treated with the same rules that apply using the in-game chatting.
Discuss.