offers Gonna buy a domain, don't know it worths the offer!

[Mohammad]

I'm going to buy a domain. First time, seller didn't reply my email and second time I offered him $500 for a 2 words .com domain which estibot says its value is about $950. Now, I think I could buy it cheaper and I made a mistake by offering $500. I thought he won't sell it lower than $1000 but now he accepted the $500 offer. How may I be sure that the domain is valuable like $500? Should I take a time and ask a 3rd party (my close friend) to buy it for lower price?

 

[Ms Domainer]

I'm going to buy a domain. First time, seller didn't reply my email and second time I offered him $500 for a 2 words .com domain which estibot says its value is about $950. Now, I think I could buy it cheaper and I made a mistake by offering $500. I thought he won't sell it lower than $1000 but now he accepted the $500 offer. How may I be sure that the domain is valuable like $500? Should I take a time and ask a 3rd party (my close friend) to buy it for lower price?

If you made an offer, and he accepted, both of you are obligated to follow through on the sale.

Otherwise, you're just another numpty time waster.

 

[Ms Domainer]

It doesn't meet the legal definition of a contract. It's just an offer at this stage. Even if it was a contract the damage on failing to fulfill the obligation is usually none when it's a nominal amount. But really, it's just an offer.

If the OP doesn't want to spend $500 he just says "I changed my mind. I'll only do it for <whatever the new value is>"

Being underhanded (using another id, pretending you have a partner etc.) is just annoying and can result in sellers simply upping a price and resisting a sale out of principle. It's not illegal, it's not wrong and I'm sure many NPers do this regularly. That said, there are few people who can't be talked into a deal that they said they'd never do with the right money.

TLDR
Just be honest and say you want to pay less if that's what you want to do. Accept the consequences.

He offered, the seller accepted.

Yes, it's a binding contract.

 

[ZapNano]

He offered, the seller accepted.

Yes, it's a binding contract.

What about if he was incompetent when he made his offer? Is he still obligated to go through the deal?

 

[DU]

He offered, the seller accepted.
Yes, it's a binding contract.

No. He's just a numpty time-waster.

 

[Ms Domainer]

LOL, just kidding, but I would hate to be the seller if you did back back out, it is lame and you shouldn't be making offers if you aren't prepared to follow through. However I too am guilty of doing this, ended up costing me like $175 on sedo as I had to pay the commission, I tried to contact the buyer to apologize but couldn't get in touch. For personal financial reasons I wasn't able to follow through and have felt bad since. But, looks like the seller found another buyer, so everyone was ok.

We all make mistakes, if it were me I would be transparent with the seller if you really don't want the name. Just tell them you are new and were not thinking straight when you made the offer and have to back out.

Complete and utter BS.

 

[Ms Domainer]

I don't think you are obligated just because you just asked if they would take a certain amount, Unless you made a commitment which I don't think you did. it's the games that makes it inappropriate, honesty imo is the best policy.

I doubt all the people that said your word is your bond are saying so from experience. Some of them may find themselves to be hypocrites when keeping their word means getting the short end of the stick or hurting themselves. I'm not naive to the world and especially this business.

If someone makes an offer and you accept, you have just entered a legal contract.

If you don't honor it, then your reputation should be sh*t.

 

[TRY]

If someone makes an offer and you accept, you have just entered a legal contract.

If you don't honor it, then your reputation should be sh*t.

Agree on the rep, not on the legal contract. Disclaimer: I am not a practicing attorney.

 

[Ms Domainer]

What about if he was incompetent when he made his offer? Is he still obligated to go through the deal?

And how would you define "incompetent"?

Unless the potential buyer or seller is a minor, then the contract is legally binding.

Period.

Numpty deadbeats deserve to be named and shamed.

 

[TRY]

And how would you define "incompetent"?

Unless the potential buyer or seller is a minor, then the contract is legally binding.

Period.

Numpty deadbeats deserve to be named and shamed.

Maybe he means incontinent meaning lacking self-restraint; uncontrolled...

 

[Ms Domainer]

In most cases, it's not worth it (financially) to pursue legal action against deadbeats, but that doesn't mean one can't reveal their misdeeds in a name and shame post.

 

[Ms Domainer]

Maybe he means incontinent meaning lacking self-restraint; uncontrolled...

Not quite the same as "incompetent."

 

[ZapNano]

And how would you define "incompetent"?

Unless the potential buyer or seller is a minor, then the contract is legally binding.

Period.

Numpty deadbeats deserve to be named and shamed.

Well, as I remembered when I took a business law class years ago; I remembered that my teacher ( a lawyer teacher ) told us about this kind of scenario. He gave an example, about making an offer while intoxicated. He said the seller accepted his offered; but then after the next morning, he refused to honored his offered; and I believed he signed a piece of paper too. Now, the teacher asked the class; if Mr. So & So signed a contract, is he obligated to the the contract he signed? There was so many guess, opinions, thoughts and answers. I believed the intoxicated buyer was not held responsible and not obligated to go through the promised deal.

 

[Ms Domainer]

Well, as I remembered when I took a business law class years ago; I remembered that my teacher ( a lawyer teacher ) told us about this kind of scenario. He gave an example, about making an offer while intoxicated. He said the seller accepted his offered; but then after the next morning, he refused to honored his offered; and I believed he signed a piece of paper too. Now, the teacher asked the class; if Mr. So & So signed a contract, is he obligated to the the contract he signed? There was so many guess, opinions, thoughts and answers. I believed the intoxicated buyer was not held responsible and not obligated to go through the promised deal.

All I can say:

There must be a lot drunk domainers around.

I think he or she would have to prove his intoxication -- very difficult to do after the fact.

 

[ulterios]

Well, as I remembered when I took a business law class years ago; I remembered that my teacher ( a lawyer teacher ) told us about this kind of scenario. He gave an example, about making an offer while intoxicated. He said the seller accepted his offered; but then after the next morning, he refused to honored his offered; and I believed he signed a piece of paper too. Now, the teacher asked the class; if Mr. So & So signed a contract, is he obligated to the the contract he signed? There was so many guess, opinions, thoughts and answers. I believed the intoxicated buyer was not held responsible and not obligated to go through the promised deal.

Here is the USA being drunk will not disqualify you from a legal obligation made while drunk. I know there are many other countries that look at it the same way. I don't know where you live so maybe it's allowed to void a contract but here in the USA it is not.

 

[ZapNano]

All I can say:

There must be a lot drunk domainers around.

I think he or she would have to prove his intoxication -- very difficult to do after the fact.

You are correct, he or she must prove that something causes him to react, in such. A causes B to react. And such.

 

[ZapNano]

Here is the USA being drunk will not disqualify you from a legal obligation made while drunk. I know there are many other countries that look at it the same way. I don't know where you live so maybe it's allowed to void a contract but here in the USA it is not.

Uterus, there are so many things that can influence such behaviors. By the way, he was a lawyer Caucasian; class taken from United States.

 

[nvdomains]

It is an open and shut thing.

If you want a good name in your business community, you should pay.

If you don't oblige your quote....what can anyone say.


oblige

verb

make (someone) legally or morally bound to do something.

 

[ZapNano]

In absence of a contract and evidence can't the prospective buyer just say he never made an offer, case closed right?

I guess the teacher said ( lawyer ) the Internet law might be different from person to person scenario. The scenario I was given has some similarity. Offer and negotiations and such. Example I gave was face to face signing contact. The negotiations was at the bar. Seller & buyer negotiation for the item was at the bar.

 

[ZapNano]

It is an open and shut thing.

If you want a good name in your business community, you should pay.

If you don't oblige your quote....what can anyone say.


oblige

verb

make (someone) legally or morally bound to do something.

We all feel like that; I want to put all the forced on him. Moral, dignity, intergrity and reputation; this if I had to deal with deep pockets. Verb, subject, predicate, adjective, plural and singular. We all know what is the subject. Not a term papers..

 

[ZapNano]

I guess the teacher said ( lawyer ) the Internet law might be different from person to person scenario. The scenario I was given has some similarity. Offer and negotiations and such. Example I gave was face to face signing contact. The negotiations was at the bar. Seller & buyer negotiation for the item was at the bar.

By the way, the contract that he signed was voided.

 

[ulterios]

Uterus, there are so many things that can influence such behaviors.

Yes there are many things that can influence a persons behavior, but just because something influences a behavior doesn't mean that person should not be accountable for their actions. If they are going to be drinking then they should either control it and not do things that they might not agree with later or do it under the supervision of someone sober. If people weren't responsible for their actions when drunk then there would be a whole lot more problems in the world, legal and otherwise.

By the way, he was a lawyer Caucasian; class taken from United States.

The race and skin color has nothing to do with the law and if a person is right or wrong. Wherever he took his class, it was not obviously from from an accredited school, let alone a law school if they are giving him the wrong information. Was the class from an online school? I took my law classes from a large university with the properly educated and law practicing professors.

 

[Name Trader]

If you made an offer, and he accepted, both of you are obligated to follow through on the sale.

Otherwise, you're just another numpty time waster.

Numpty time waster? ... Is that a legal term

 

[Name Trader]

What happens if he was insane at the time he agreed to buy?

 

[ulterios]

What happens if he was insane at the time he agreed to buy?

If someone has been diagnosed as being insane, THEN a contract could be voided on those grounds in a court of law. Insanity is excusable, being a drunk business person is not!

 

[ZapNano]

Yes there are many things that can influence a persons behavior, but just because something influences a behavior doesn't mean that person should not be accountable for their actions. If they are going to be drinking then they should either control it and not do things that they might not agree with later or do it under the supervision of someone sober. If people weren't responsible for their actions when drunk then there would be a whole lot more problems in the world, legal and otherwise.



The race and skin color has nothing to do with the law and if a person is right or wrong. Wherever he took his class, it was not obviously from from an accredited school, let alone a law school if they are giving him the wrong information. Was the class from an online school? I took my law classes from a large university with the properly educated and law practicing professors.

Uterios, your world seems perfect. And I believe in the real world is not; as well the world I have seen, heard and I have experienced. You acknowledged, that based on a person decision making is somehow is governed by such influences. In this regard, if a person is under influenced by something and such; why would you even considered and try to inforced the contract? Any reasonable and fair person would have been realized and took the consideration, by the fact that the individual to whom you made the contract with, was intoxicated.

You know from the beginning of the negotiation process, and knowingly know; that the person was indeed intoxicated while you made your deal. And proceed the contract anyway.

Looking at the whole picture, if anybody try to inforced such contract and making a deal with intoxicated person, knowingly and intentionally; then I find the contract was not legitimate. And therefore, the contract is none inforecible.

This because, I don't take advantage to people that are not totally themselves while making such decision.

In terms of where you take the legal class; online or in class room. Recognized Univesities or credited of something and something school. In my opinion, regardless of what education you have accomplished and what school you have attended, it make no diffence.

It's your action, behavior and your overall performance that you have represent. It is more vital; than anything else.

Solid 3.5grade for that class. I didn't even understand if there was such thing about solid, hollow or shallow grades.

Intoxicated.xyz VS Cash.king = contract is none inforecible.

Just my opinion