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      03-23-2008, 08:20 PM   #249
DJ9
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Quote:
Originally Posted by mooseman View Post
As for the second, a contract requires both parties to fully understand what they are agreeing to, hence why most States allow "back out" periods for "buyers remorse" and similar for sellers, contractors. In fact, in most States I'm aware, in contracting there is an allowable time period when/if one spouse agrees to a contract the other can back out.
They entered into a bilateral contract not a unilateral contract; there was no misunderstanding. The intent, was to start at a price and let market inflate the asking price; which unfortunately did not happen. Furthermore, many states (California is one) follow the Uniform Commercial Code, for which merchants are held to a different tier of verbal/written requirements over what determines and triggers a contract to become binding. Sorry, but negotiations between a consumer and merchant are much different than your example of a civil contract between spouses.
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Last edited by DJ9; 03-23-2008 at 08:42 PM.