- Nov 3, 1999
- 110
- 0
- 0
Know your buy.com rights!
(1) Can Buy.com legally do this?
Probably not. In many states, buy.com acceptance of the order and shipment constitues a binding offer. Doctrine of mistake? perhaps, but mistake is an intent of the *mind*, and electronic transactions do not have minds, and therefore, buy.com has a tough argument that buy.com intended to not offer $50 off $50.
In addition, some states have revocation statues for eletronic consumer transactions (Virginia comes to mind). These statutes provide a 34 hour cancellation period, after which transaction can be revoked. Buy.com blew this period by several days.
Finally, practically, what will buy.com do? Charge you credit card for the difference? Their own e-mail tacitally acknowledges this cannot be legally done; the email requests purchaser to "respond to this email with your written permission to charge your account for the amount of the
coupon."
There option instead is likely to do nothing. It is wholly impractical to file suit for $50.
(2) Will buy.com interfere with my credit rating?
This is a strange question that has been asked. First of all, "bad" credit items can only be posted to your credit report by companies who extend credit, not retailers. Bad credits appear on report through either credit companies or "public record items", i.e., legal judgments. Your credit card, mortgage company or other loan company can report failure to pay credit in a timely basis. Of course, buy.com, in selling you goods, did not extend you credit. They are not in the credit businness (unless you bought with a buy.com credit card).
They cannot report your failure to return merchandise or not agree to pay the value of the coupon to a credit bureau. The only other possible way this dispute with buy.com could appear on your credit record is if the get a legal judgment in a court of law. And that will not happen; filing fees alone will exceed the value of coupons, before the first lawyer is ever hired. Plus, based on item 1, buy.com will likely lose.
P.S. I am not providng legal advice, use your own judgment.
(1) Can Buy.com legally do this?
Probably not. In many states, buy.com acceptance of the order and shipment constitues a binding offer. Doctrine of mistake? perhaps, but mistake is an intent of the *mind*, and electronic transactions do not have minds, and therefore, buy.com has a tough argument that buy.com intended to not offer $50 off $50.
In addition, some states have revocation statues for eletronic consumer transactions (Virginia comes to mind). These statutes provide a 34 hour cancellation period, after which transaction can be revoked. Buy.com blew this period by several days.
Finally, practically, what will buy.com do? Charge you credit card for the difference? Their own e-mail tacitally acknowledges this cannot be legally done; the email requests purchaser to "respond to this email with your written permission to charge your account for the amount of the
coupon."
There option instead is likely to do nothing. It is wholly impractical to file suit for $50.
(2) Will buy.com interfere with my credit rating?
This is a strange question that has been asked. First of all, "bad" credit items can only be posted to your credit report by companies who extend credit, not retailers. Bad credits appear on report through either credit companies or "public record items", i.e., legal judgments. Your credit card, mortgage company or other loan company can report failure to pay credit in a timely basis. Of course, buy.com, in selling you goods, did not extend you credit. They are not in the credit businness (unless you bought with a buy.com credit card).
They cannot report your failure to return merchandise or not agree to pay the value of the coupon to a credit bureau. The only other possible way this dispute with buy.com could appear on your credit record is if the get a legal judgment in a court of law. And that will not happen; filing fees alone will exceed the value of coupons, before the first lawyer is ever hired. Plus, based on item 1, buy.com will likely lose.
P.S. I am not providng legal advice, use your own judgment.