Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Two "Tons" of coins?
>
Reply to Thread
Message:
<p>[QUOTE="NPCoin, post: 585118, member: 5629"]What too many people forget is that by placing a bid, making an offer, or hitting that BIN button, you are entering a <b>valid legal contract</b>! This contract is governed by the laws of two States: The State wherein the buyer resides, and the State wherein the seller conducted/initiated the contract.</p><p><br /></p><p>eBay has absolutely no authority over the contract! This is the biggest misconception I have seen with regards to eBay. eBay <b>only</b> has a legal contract between the buyer <b>individually</b> and the seller <b>individually</b> for use of their venue <b>only</b>.</p><p><br /></p><p>The listing was more legally dangerous than you realize! The seller mentioned absolutely nothing about Non-Paying Bidder. He said "collections action"! This means that you agree to contact or pay within twenty-four hours, or he reserves the right to force you to pay through the use of a collections agency (and thus file against your credit report), and even take the matter to court for payment, including "damages".</p><p><br /></p><p>This is perfectly legal! It also does not breach any portion of the seller's contract with eBay. And even if it did, the contract item would still be enforceable, although it would open the seller up to breach of contract proceedings with eBay if eBay chose to pursue.</p><p><br /></p><p>This is why it is imperative to <b>always</b> read everything in the listing <b>AND</b> capture an image of the listing (read:contract) that you are entering into at the time you enter into it.[/QUOTE]</p><p><br /></p>
[QUOTE="NPCoin, post: 585118, member: 5629"]What too many people forget is that by placing a bid, making an offer, or hitting that BIN button, you are entering a [B]valid legal contract[/B]! This contract is governed by the laws of two States: The State wherein the buyer resides, and the State wherein the seller conducted/initiated the contract. eBay has absolutely no authority over the contract! This is the biggest misconception I have seen with regards to eBay. eBay [B]only[/B] has a legal contract between the buyer [B]individually[/B] and the seller [B]individually[/B] for use of their venue [B]only[/B]. The listing was more legally dangerous than you realize! The seller mentioned absolutely nothing about Non-Paying Bidder. He said "collections action"! This means that you agree to contact or pay within twenty-four hours, or he reserves the right to force you to pay through the use of a collections agency (and thus file against your credit report), and even take the matter to court for payment, including "damages". This is perfectly legal! It also does not breach any portion of the seller's contract with eBay. And even if it did, the contract item would still be enforceable, although it would open the seller up to breach of contract proceedings with eBay if eBay chose to pursue. This is why it is imperative to [B]always[/B] read everything in the listing [B]AND[/B] capture an image of the listing (read:contract) that you are entering into at the time you enter into it.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Two "Tons" of coins?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...