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Author: stocksgoboink Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 71408  
Subject: Re: Guy wins car in auction on ebay, dlr won't s Date: 11/3/2003 6:52 PM
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Ebay User Agreement:

5.2 Binding Bids. Except for items listed in a category under the Non-binding Bid Policy, if you receive at least one bid at or above your stated minimum price (or in the case of reserve auctions, at or above the reserve price), you are obligated as the seller to complete the transaction with the highest bidder upon the auction's completion, unless there is an exceptional circumstance, such as: (a) the buyer fails to meet the terms of your listing (such as payment method), or (b) you cannot authenticate the buyer's identity.
http://pages.ebay.com/help/index_popup.html?policies=user-agreement.html


Ebay seems to think that it's auctions are binding contracts. I doubt they came to this conclusion without lawyers help. I think this guy has a strong legal argument.



boink!
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