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Re: OT: selling on e-bay


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Posted by Dellbertt on June 15, 2008 at 12:44:32 from (209.172.22.37):

In Reply to: OT: selling on e-bay posted by Jesse on June 15, 2008 at 11:28:11:

I havent looked at your item but Im glad you brought this up. I used to sell a lot on ebay and only had one bad experience from a bad buyer.
But here is what I know.
Ebay likes to say that a bid is a binding contract. A bid on ebay is NOT A BINDING CONTRACT. And heres why. AS LONG AS EBAY PERMITS THE SELLER TO REMOVE THE ITEM FROM BID BECAUSE IT SOLD LOCALLY THERE NEVER IS A TRUE "MEETING OF THE MINDS" BETWEEN SELLER AND BIDDER. Legally speaking in order to have a true contract you must have a meeting of the minds between the two parties. Knowing the item you are bidding on can be removed at any time does not meet the criteria of meeting of the minds. IF EBAY STOPPED ALLOWING SELLERS TO REMOVE AN ITEM FROM BID THEN IT COULD BE SAID THAT A BID IS LEGALLY BINDING.
Now, with that said I still think ebay can be a good source for both seller and buyer if you go into it knowing that it can go bad at any time.
The idea of ebay is a good one. But like everything else on the planet it is only as good as the people involved.
One other thing in reverence to Hugh.
Whether to start a bid at .99 or the price you want to get for it is a toss up.
If you want to take a chance that high bidders will be looking at ebay that week then start at .99 and make it a true auction.
But, it you don"t want to take a chance on selling too low then start the bid at your minimum price. It"s just a toss up, like everthing else.
Dell


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