Quote:
Originally Posted by kingdaviswaco
But the dealer accepted the offer, did they not? The fact is, the auction closed with a sale. Congratulations were given to the buyer, he met the reserve requirements laid out by the dealer. I'm no ebay expert, but it seems that the dealer had ample opportunity to establish a reserve price in the system, and they either set one low enough that it was met or they failed to establish one. Otherwise, there would be no sale, and the ebay page in question clearly indicates a sale was made.
Is there something I'm missing here? Can anyone go on ebay and set a secret reserve, revealed to no one and possibly not established until after the sale is made, and expect that to be a valid excuse for not selling a piece of merchandise? It seems like the dealer had ample opportunity to do this on the front side of the sale. He could have even closed the sale one minute before it was due, perhaps, but he chose not to do so.
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Read some of the UCC rules. An auction doesn't have to say reserve to have a reserve.