- Joined
- Oct 8, 2002
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I still don't see the 800-lbs gorilla in the room, other than a sale gone south - because the seller gives cryptic reasons for not fulfilling it.
Let me see if I can make the gorilla clearer.
I was responding to your statement that there was no contract to sell here. As you know, contracts can take many forms.
If a seller says, "we have no contract, and I have changed my mind" then the issue of whether there is a contract is in dispute.
If the seller, as indicated here is saying, "I can't go through with the contract because there is some external cause which prevents my performance" then the issue of whether there is a contract is not in dispute. The seller has admitted the contract, but is claiming an excuse for non-performance. In particularly, the seller is claiming the legal ground of impossibility of performance.
If the name was stolen and is under dispute at GoDaddy, then there is nothing which prevents Matt from providing more detail about the circumstances. He is under no obligation to anyone not to explain the circumstances. Yet he refuses.
Therefore, Elliot is reasonably suspicious as to whether he is attempting to back out of the sales contract. Raidergirl's comments to the effect that there is no such thing as a binding sales contract should give anyone pause, if that is the general attitude here.
While Elliot has been trying to complete this deal, he has had to keep payment ready, which payment could have been used for other things. Hence there is a real opportunity cost to Elliot, or to any prospective buyer, if the seller - having agreed to sell - then decides to hem and haw and provide factually unsupported excuses for not performing as agreed.