My question involves a consumer law issue in the State of: TEXAS
I am a retail phone shop owner which buys phones and tablets on daily basis and sells them quick on small profits. We were recently contacted by a company fraud prevention that a product was sold by us to a customer which allegedly was stolen from their facility. They had serial number of the product and on research it appears someone had purchased that product from us. We purchase devices on daily basis and check them on several online global blacklist platforms and ask the seller if it's stolen or not before purchase. What are our liabilities if the product at the time of purchase was clean and the seller claimed it's not stolen but later the original owner contacts us with the claim that someone has been stealing from them lot of devices and have serial number to verify we sold one of such products? ( we are in a business of buying and selling and have a retail location where sellers and buyers come,we don't know how they possess the merchandise except for checking global blacklist online websites and asking the seller if the product is stolen or not) advice?