Reply To: Is a verbal contract legally binding in Australia via an online auction site?

Home Forums Buying at Auction Is a verbal contract legally binding in Australia via an online auction site? Reply To: Is a verbal contract legally binding in Australia via an online auction site?

#559
Julie Zniewski
Participant

Yes, verbal contracts can be binding. Seller’s remorse is not a valid reason to terminate a contract. From the facts you have given, he didn’t hoodwink you or make any misrepresentations to induce your consent.

However when you’re dealing with something like a PS3, the practicalities of enforcing a contract have to be considered. In NSW for example he would have to apply to the CTTT, attend a hearing, etc. Considering that he wanted the PS3 in a short time, it’s quite unlikely that he’d go to all that trouble. Further, unless there’s more evidence to the contrary, it might be a matter of his word against yours.