Offer v Invitation to make an offer
Especially when it is not a regulated marketplace.
Simple offer and acceptance constitutes a contract
When you offer something for sale at a price, you are making an invitation to a make an offer, NOT making an offer. When potential buyer approach you , he is not accepting he is just making offer. So long as you do not accept his price there is no contract
Basic principle buyers always get wrong -Offer vs Invitation to make an offer (or invitation to a treat). If a shop is offering an iphone 7 at big discounted price only $20 and 1000 buyers offer to make offer to buy at $20 and shop does not have enough iphone it does not have to sell and is not obligated cos there is no contract
That is nonsense. Go read Business Law 101
You are right. I am not a lawyer but this is Business Law 101Most of us do not run a business or a retail store. I don't think we as sellers have an "obligation". We are simple pool players who enjoy the game. If someone listed something and later down the road decide its not for sale, I don't think they are obligated to sell.
Especially when it is not a regulated marketplace.
Simple offer and acceptance constitutes a contract
When you offer something for sale at a price, you are making an invitation to a make an offer, NOT making an offer. When potential buyer approach you , he is not accepting he is just making offer. So long as you do not accept his price there is no contract
Basic principle buyers always get wrong -Offer vs Invitation to make an offer (or invitation to a treat). If a shop is offering an iphone 7 at big discounted price only $20 and 1000 buyers offer to make offer to buy at $20 and shop does not have enough iphone it does not have to sell and is not obligated cos there is no contract
Of course you have an obligation.
Why do you think that you shouldn't be accountable?
Your actions are your responsibility.
That is nonsense. Go read Business Law 101