Legal Question in Consumer Law in Georgia
Used vehicle ownership
I had a 1966 dune buggy for sale on a website for $2500. I received an offer for $1650 and received payment via paypal the same day. The next day I read on a forum the guy bragging on cheap it got it and I refunded his money 100%. I also found out the dune buggy is a collectors item and might be worth $10,000 to $15,000. Am I obligated to sell the dune buggy to this guy or anyone else? He claims he owns the dune buggy but I gave him his money back and the dune buggy is still in my garage. It would be like selling the hope diamond for $10 and then refusing to sell, after you found out it's worth much more. The first words out of my mouth when the guy called is, ''I dont' know what it's worth, offer me what you think its worth''. The purchaser happens to be an expert on these dune buggys and already owns over 40 of them. He knew he was ripping me off. What do you think?
2 Answers from Attorneys
Re: Used vehicle ownership
It sounds like he owns a dune buggy and you committed fraud in trying to refund his money. You probably also violated your Pay Pal contract. Once he returns the money, you owe him the dune buggy, unless he's willing to let you off the hook.
Re: Used vehicle ownership
From your post, you had a contract (likely before payment was made), and you breached it. Your admitted ignorance is not a legally valid excuse to back out. It is not the buyer doing the "ripping off."
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