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Old 04-28-2007, 11:37 PM   #2
NandaDncer
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Join Date: Apr 2006
Location: Australia
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In reference to your first point of "Should a person who says, "I'll buy it" be held to it? Ie, if they back out of the transaction 2-3 days after saying they'll buy it, is that grounds for a complaint?"

I would suggest a basic rule of 'offer and acceptance' that confirms the sale.

Seller places add, potential buyer makes offer to buy, seller accepts offer. From that acceptance both have entered into a 'binding' agreement as stipulated by 'the rules'.

And yes, if a buyer or seller backs out after that point then that could be grounds for complaint. If a buyer posts/emails an "I'll buy it" then that should in all fairness be considered a genuine offer to the seller that will be binding if accepted.
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