4 ms·

This seems a lot like cancelling orders when an online system lists a $1999 product for only $19.99. Even if you already bought the product, if I catch it befo

• deleted 11y ago
  [deleted]
• eridius 11y ago
  That's not the same thing at all. Listing a $1999 product for only $19.99 is clearly a mistake, not intentional on the part of the seller, and it is obvious to any reasonable person that the buyer must know that this was a mistake when purchasing it. On the other hand, listing a product for fair market value and then cancelling when the market value skyrockets after the sale is not at all reasonable behavior. I assume there's some part of contract law that covers this sort of thing (since a sale is a form of contract).
  • Lawtonfogle 11y ago
    There are clearly difference between how we see it as people, but I was talking in regards to how the law sees the contracts themselves. For example, how can the law tell the difference between a significant discount at an error. I've purchased things at 98% off their sell price and which were far less than their market value, even accounting for the sell price being above their market value. The stores had different reasons for giving such a discount, but they weren't given in error.
    • eridius 11y ago
      So was I. There is a legal difference between the two. IANAL so I don't actually know how the legal difference is defined, but I think it's something along the lines of, should it be obvious to a reasonable customer that the price is likely in error?