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10-21-2012, 03:45 AM #1
Legal question regarding sellers and buyers rights.
Let's say you purchase something with intent to sell (legally) and will make a considerable profit based on how this product is selling in other venues. Seller takes payment, issues invoice, and says shipping soon. Two days later they say they made a mistake in the price and description of product, then tell you they can no longer sell you the product. They then force refund the money you paid without you agreeing. What standing does the buyer have? Nothing in their terms and conditions state they can return payment or can change price after sale is completed.
Purchased 40 units at around $3.50 a piece, with shipping per unit price is about $9. Product is selling for $70-100+ per unit. Product was listed for several days at $3.50.2005 Cadillac STS
-custom stock everything!
10-21-2012, 08:47 PM #2
10-22-2012, 05:34 AM #3
Pretty sure this is the difference between and offer and an invitation to treat. Once they took your payment for the goods and issued an invoice it moved from an invitation to treat to an offer. Assuming an $80 profit on 100 units you'd have made $8,000. You gotta ask yourself if that is worth the cost of engaging counsel given that even if you win you may not collect. There's an old saying that a fox can whip a skunk but is it really worth it?
10-22-2012, 04:23 PM #4
10-22-2012, 04:24 PM #5
You are out of luck. On to the next one.2012 Maserati MC Sportline (MC Rawserati)
2010 BMW X5 4.8
1959 Porsche 356 A (Incoming)
2012 BMW 3-Series (Daily)
10-24-2012, 04:51 AM #6
I just re-read your post. Not sure where I got the 100 units number from and now I'm concerned about my saniity...
10-24-2012, 06:32 AM #7
If your bank accidentally transferred a million in to your checking account, you knew it was too good to be true, must be a mistake, would you still take the time to spend it?