No, I sure don't. And I typically pay in well-under ten minutes because I figure that's the right thing to do.
If one is worried about speed of payment, one specifies: "I accept your offer if payment is made in x minutes." That's legit. Those are not the facts according to anyone.
Absent specific terms, the law supplies a standard of reasonableness. If it's two businesses, "commercial reasonableness."
It seems important that people understand how the law looks at contracts - in all 50 states.
I personally don't find the law unreasonable here.
What if it was.
S: "Knife x for sale at $130.00."
B: "I offer $120.00 for the knife."
S: "I accept your offer of $120.00."
B: "Sorry, I just found it for $110.00."
There, the seller is being screwed, and I'll bet it happens, right? Stinks, yes? You likely take a deep breath, and march on. Probably the only practical solution. But it still stinks.
Sauce for the goose. A contract is a contract. Seller's remorse is not more legal -- or respectable -- than buyer's remorse.
Not
Even
Close
(Change the facts, you change the result.)
So far as I know, this was two individuals, not two businesses. Why provide an example that contains different facts, then state at the end "Change the facts, you change the result."? Why not provide an example of two individuals, or better yet simply enlighten us as to how the law would pertain to this particular case?