Should I be upset?

[Guest coldblackwind]

However, I do want to mention that what Bluemax said is correct. If there was an agreement made, even if verbally, it is still an enforceable contract if you wanted to get nasty about it. That's one of the few things I remember from business law 301.

Actually, as I recall from business law, I think that only pertains to transactions under $500, as his trade is $500, plus whatever boot for the other gun, it far exceeds that.

Personally, if I tell someone a price, I'm going to stand by what I told them, no matter the circumstances, and I expect the same from the people I deal with. I can see where he's coming from, but at the same time, I wouldn't likely be back. I've had some people try this with me on assorted things over the years.

As for a $500 trade, its not all that hard to get a $500 trade in, you just have to have something worth that, and they have to be into the other gun right. I got $650 from the franklin gun shop for my suomi when I traded it in, and I only paid $700 for it from another dealer. They had something I was willing to take a $50 loss on, and they were into it good enough to give me $650. I know a dealer who has a mini 14 stainless he's only into for $200, therefore he's got a little room to move on his price (no he's not even close to being local for anyone on this site, and no I'm not going to tell you the shop).

[Steelharp]

I know a dealer who has a mini 14 stainless he's only into for $200, therefore he's got a little room to move on his price (no he's not even close to being local for anyone on this site, and no I'm not going to tell you the shop).

You're a mean, mean man.

[Punisher84]

I wouldn’t be to upset over it. It’s you that didn’t make the deal not him.

Should you post the name of the shop here and let everyone rip on them? I wouldn’t; that would make you look like an azzhat.

Just like here. When some people tell you “I’ll take it†you can take that to the bank. Others come up with lame azz excuses why they let their mouth overload their azz; happens all the time.

I gotta agree with Dave. If you walk away from the supper table without eating don't be surprised if your plate is cleared when you come back.

[Guest stovepipe]

Doesn't sound like he took back the offer, just didn't have the funds to honor it at the time. (Reasonable issue for a small business) Might see if he'll hold what you want for a week, or so, until you two can complete the transaction.

[Desert Rat]

If he sells it here for a bit more than the dealer offered he walks away money ahead and can make a cash deal on what he is looking for.

By the way, What are you looking for because someone here might have that available and you could always place a WTB add also?

He did post on the WTS site.

[Guest 6.8 AR]

Implied contracts, to borrow from what I and others have said, are legal. "But",

they may only be enforceable if you have a witness or two. I wouldn't know

about dollar limits on them, but I do know I have honored verbal agreements

way over the $500.00 limit, which may be a legal point.

The issue really is about one's character and how much he cares about that.

Things like that catch up with people, in the long run. What I mean by this is,

sure, it's something to get mad about, but how mad. Deals can be had just about

anywhere. I might get mad but he would never know. It just isn't worth it.

[oldogy]

Should you be upset? Yeah, probably upset, more disapointed.

You did not say but it sounds like at least a week had past. A lot can happen in the fortunes of a small business in a week.

Did the guy treat you wrong? He did say "the deal stands." . The guy told you he had taken a lot of trades. This is his way of telling you it was a cash flow problem. Not much you can do about that. He is the one with the bills that need paid to keep the doors open. He possibly had no other option than to back out on the deal. One of those situations where you just have to suck it up and get on with life. Consider it a learning experience. Life 'ain't always fair' .

oldogy

Edited August 14, 2010 by oldogy

[Erik88]

Actually, as I recall from business law, I think that only pertains to transactions under $500, as his trade is $500, plus whatever boot for the other gun, it far exceeds that.

.

When I took the class there was no mention of a $500 limit or rule. If 2 people agree to a deal then it is a legally binding contract. Or at least that is what our professor told us. She was a lawyer also.

[Guest coldblackwind]

When I took the class there was no mention of a $500 limit or rule. If 2 people agree to a deal then it is a legally binding contract. Or at least that is what our professor told us. She was a lawyer also.

Can you collect on a verbal agreement?

What constitutes a legally binding contract? | Answerbag

Top 10 Things To Know Before You Sign A Contract | Legal SuperTips

There's 3 sources confirming what I said about the $500 limit. I thought I still had at least one of my law textbooks hanging around that they wouldn't buy back, but I can't seem to find it, so I can't use that. I remember this from both Business law, and International business law classes, both my teachers had doctorates, and were ex lawyers. Pretty sure it wasn't a binding contract, any lawyers feel free to disagree. Still a BS move in my opinion though.

[Sandman]

In response to me being a bad person if I listed the name of the shop...that's why the name isn't listed. I like the guy there and he has good prices. I just wanted your opinions for me and me alone. As far as cash on hand, I was gonna trade it in for an in store purchase so no actual cash would even trade hands, if anything, I would pay him some boot. I just think he didn't want the gun afterall, which is fine by me, just a little disappointed because he finally got the gun in stock that I had been looking for and he told me I had the credit. To answer all the inquiries about what gun it is...it's an old shotgun that I came across but now I just may keep it. We've been through alot.

[Erik88]

Can you collect on a verbal agreement?

What constitutes a legally binding contract? | Answerbag

Top 10 Things To Know Before You Sign A Contract | Legal SuperTips

There's 3 sources confirming what I said about the $500 limit. I thought I still had at least one of my law textbooks hanging around that they wouldn't buy back, but I can't seem to find it, so I can't use that. I remember this from both Business law, and International business law classes, both my teachers had doctorates, and were ex lawyers. Pretty sure it wasn't a binding contract, any lawyers feel free to disagree. Still a BS move in my opinion though.

It looks like you are absolutely correct. I knew there was a reason I always thought my BLaw professor was a dumbass. She never mentioned a $500 limit. Thanks for clarifying!

[DaveTN]

It looks like you are absolutely correct. I knew there was a reason I always thought my BLaw professor was a dumbass. She never mentioned a $500 limit. Thanks for clarifying!

Like most other jobs.

Those who can…. Do.

Those who can’t…. Teach.

[strickj]

"Move you feet, loose your seat" is what we always said.

Get up off the couch to answer the door, your seat would be there when you got back. Get up off the couch to grab a beer or something in the other room, your seat would always be taken.

Same principle here.

Never leave the room when there's something you want and have within that room

Edited August 14, 2010 by strickj