buyers/sellers that DEFAULT on contract

I have a question about this topic. I think this just happened to me. The guy told me that if I wanted the item it was mine, so I told him I did and I sent the money to him. Well its been a little over a week since I sent the money and he has not contacted me or repied to any of my messages. He did give me his phone number, which I haven't tried yet, but was planning to shortly. I really don't know what to do, what if the number he sent me isn't really his and he's just going to keep the money. Can someone please help me?

Lee, many sellors verify funds before they will ship, including money orders which sometimes have bogus origination. Recheck your sellors payment terms (10 day hold?). There are stop payment options to checks & m.o. if you think you're in a rip off situation. I'd try emailing again, but use your return/read receipt option on your emails to verify whether the sellor is reading them or they are lost in cyberspace (or he just is on vacation/etc).

Soundsgr8tome, I'd recommend that you look through many of the older threads under misc audio or site related for a myriad of ideas over time. It should prove useful. Good luck to you -

Well done Elgordo. Consideration, as it respects contract law is always fun to try and get a grip on. I have a law book, here is what it says with respect to contract consideration:

Under a bargain theory of consideration, what is required is that the promise and the consideration be "in the relation of reciprocal conventional inducement, each for the other." In other words, consideration must both be "sought by the promisor in exchange for his promise and be given by the promisee in exchange for his promise. If so, then you have a bargain which is supported by consideration, and may be enforced, so long as the rest of the elements of a contract are found and satisfied. Good stuff, huh? May not have put it all out there just right, and in any case don't have a clue what it means.

Are you kidding? I've had lot's of "done deals" which fell apart. Recently, I had a buyer for speaker cables who wanted them for a little less than I was willing to sell for. After a few emails and a long, long telephone call, he was comfortable and we struck a deal between my ask and his offer. I would ship upon receipt of certified funds. Next day along comes the email that the certified has been sent priority mail. That night I got a call from "Mr. committed" who told me that he had read a review on AUDIOASSYLUM and "DECIDED NOT TO BUY THE CABLES"!

Call me stupid, but, I don't get it. I then ask about the check that's been overnighted. I'm told that he stopped the package???

I think he's a bad guy. I write him and tell him that I'm really troubled with his actions and haven't decided what I'm going to do about feedback, since I feel that he's been dishonest with me. He tells me that he doesn't care if I give him bad feedback, since he has a second Audiogon account anyway!

I litigate for a living. I don't do it for my own account unless it's my business. My time's worth a lot more than "getting even" with this a...hole.

I bet the same is true for you.

Best wishes,

Bill E.