[Leon]

Originally Posted by ctownboy

Leon,

I understand that eBay is a business and can do whatever they want (within the law).

What I am having a hard time understanding is how, right before you place a bid, they tell you that by doing so you are entering into a binding legal agreement. Then, after you have won an auction, they can say that you can undo that binding agreement, without any penalty, if you say you want to cancel your winning bid within an hour of the close of the auction.

To me, a bid being a binding legal agreement is a solid thing. What eBay seems to be saying is that it is a binding agreement up until a point that it is not a binding legal agreement.

I am trying to think of some other areas where this is the case.

For example, I go to a bank and get a loan for a house or a car and sign the contract then I have entered into a binding legal agreement. Even within an hour, if I decide I have made a mistake, I can not just back out of the deal. I have to go and sign some other legal papers to back out. I can't just throw my hands up and say I don't want to go through with what I agreed to.

David

If the contract you signed said you could throw up your hands and back out then you could. That is what is happening here. I guarantee ebay changes their rules to reflect their new stance. Personally I don't like it but I am not their CFO....