Chris Brogden <[EMAIL PROTECTED]> wrote:
>On Mon, 23 Apr 2001, Frank Theriault wrote:
>
>> Trying to remember what little I know of Contract Law, it seems to me
>> that the vendor is extending a Unilateral Contract to the world. If
>> all he/she says is "or best offer", then I think he would be bound to
>> sell to the person who makes the best offer - reasonable or not.
>
>Sure, but in what time frame? A day? A week? A year? 10 years? If the
>time frame is not specified, then the seller can claim to be waiting for
>all of the offers to come in, can't they?
That's the first thing I thought of! But then I also realized
that most of these statements say something like "$500.00 *or*
best offer".
Because that "OR" is in there they can always turn the best
offer they receive and opt to hold out for the $500! ;-)
(note smiley)
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