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Old 04-07-2003, 03:04 PM
frankym frankym is offline
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Join Date: Aug 2001
Location: Westport, CT
Cobra Make, Engine: ERA 575 with Shelby Aluminum 427 Stroked to 468
Posts: 380
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in order for an agreement of sale to have any teeth, the seller promises to deliver said object at said price, which should be in writing for all practical purposes, and the buyer either hands the money over, or in most cases provides a small down payment or deposit. That deposit represents consideration, without consideration, the seller is not forced to sell at specified price. When consideration is granted, the buyer has a legal claim to that sale. I had negotiated with someone over the phone for a cobra and we agreed on a price. Before sending a deposit, the seller notified me that he had sold to a higher bidder. I understood, but sure enough that buyer was just another tire kicker. I tried making the offer again, but he said no, I then upped the offer by a couple thousand, and still he said no. Well, the car still hasn't sold and I do believe as Bob Putnam stated, you make a deal, and notwithstanding some major change in circumstances, that's the deal you complete.
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