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      03-23-2008, 07:29 PM   #254
Private First Class

Drives: Z4 ///M Coupe AW/IR
Join Date: Jul 2006
Location: Calabasas, CA

iTrader: (1)

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...
In California, there is no "Cooling Off Period" on auto sales. In every dealership i have ever been to this has always been posted in plain view of customers. I'm not sure on the legality of this, but i'm assuming that since this auction was not limited to certain states, the no cooling off period for the buyer would still apply, as he is from California.