Quoted message said:Quoted message said:
I understand your point, and you see this happening all the time in
Real
Quoted message said:Quoted message said:Estate, but if a regular store tried it, they'd be in trouble with
the
Quoted message said:Quoted message said:regulators for false advertising or bait-and-switch tactics,
depending
Quoted message said:Quoted message said:on exactly how it happened. I feel that if somebody offers
something
Quoted message said:Quoted message said:for sale at a certain price, and somebody offers that price, I
think
Quoted message said:Quoted message said:they should be honor-bound to sell at that price, even if they
realize
Quoted message said:Quoted message said:later on that they should have originally asked for more.
Playing buyers off against each other is ok if you post it from the
Quoted message said:Quoted message said:beginning as an auction, but not if you post it as a straight "for
sale".
He set a price and published it. That should constitute a contract
once
Quoted message said:accepted by a buyer. The out is if there were any words about higher
"bids." Perhaps a legal opinion may be forthcoming and you have
grounds
Quoted message said:to sue him for the bike.
jim
It is not a contract. A contract requires an offer, acceptance, and
consideration. There is no consideration here, just an offer and
acceptance (maybe). Or, the other way to look at it is that the
potential buyer offered to buy the item, and the seller has not yet
accepted the offer to buy. A classified ad is not a legal "offer" for
the purposes of creating a binding contract.
Nevertheless, this isn't about whether he is legally obligated to sell
the item. [censored], there are plenty of operations of law that aren't
"right."
First off... did the ad say "$X or best offer?" Then the guy has a
right to seek the best offer. Even if it doesnt, shouldnt you always
(as a seller) have a right to change your mind about selling the item
at all? Or, if you advertise it for $1000, you can't then take $999
nor can you take $1001?
Second... what if someone has a brand new Independent Fab Crown Jewel
Ti that they got as a gift. They think that it might be worth $500 or
so. Should you take it from them for $500 because they were unaware of
its true value? Well, sure, tough [censored] for the seller if they didnt do
their homework. But, upon their discovery that they undervalued the
item, they should be able to re-up the price.
If you want to talk about "honor bound," I would say that goes both
ways. A fair price is a fair price. If someone thought that they were
going to get a "once in a lifetime" price, and they didn't, then I
don't think they've been mistreated.