I accepted someone's price but they stopped communicating. Am I obligated?
3 Answers
You need four things to have a contract: Offer. Acceptance. Consideration. Mental Capacity. You only have two unless you agreed to hold the vehicle pending payment. Otherwise, Until the buyer gives you a down payment or the full amount, you don't have a contract
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My policy is first with the cash gets the car. Time to find another buyer.
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