Opinions on a transaction issue

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Posted By: Josh K.

I disagree. Once you enter a contract, oral or written, and you decide not to go through with the deal, you've breached the contract. The fact that its a baseball card and others may have wanted a shot at it, is irrelevent.

Its no diffent than signing a contract to buy a house and then the seller decides not to go through with the deal b/c someone else offered more after the contract was signed or he/she simply decided not to move - the seller would be liable for whatever damages he/she caused by the breach (ie the failure to sell to you). Disclaimer - Im assuming (since Im not a real estate lawyer) that sellers in a real estate transaction, unlike buyers in many states, have no statutory revocation period that might apply.