There are five parts to a legally binding contract: Offer, Acceptance, Consideration, Legality and Capacity. If no money (the consideration) has changed hands, there is no contract. This is as I recall from Business Law in college many years ago. Kelly: Is this correct? Thanks, Don
buyers/sellers that DEFAULT on contract
Anybody ever had a buyer or seller DEFAULT on a deal/contract? What did you do? I recently had a DEAL/Contract (I have ALL the threads) and the seller defaulted. I plan on filing a small claims lawsuit, (pro se), against him. Any other suggestions to remedy these situations, when they happen? (I'm sure there are some lawyers among us audiophiles!) Share your similar experiences?
Happy Listening!
Happy Listening!