Wait time for a buyer???

benchwarmer380 said:
Would you mind elaborating what you mean by consideration?
Click to expand...

It's a legal term of contract law and it refers to something (can really be almost anything) with subjective value, or at least value to the parties involved. A dollar exchanged during a transaction is consideration, but consideration need not be money. Consideration can even be intangible. Consideration is bargained for by the parties to a contract and is transferred from one party to the other or exchanged in both directions between parties. In the case of a knife sale, the knife and money are "consideration".

If you google "elements of a contract", I'm sure you could probably find something that explains it more clearly than I do. Hopefully, that helps a little even though my explanation is very rudimentary.
 
Consideration can also be a promise of future delivery. So in some cases, an agreement to trade can be a contract even before actual exchange occurs.
 
So the buyer sent the funds and I sent the knife insured and with a signature required (just in case). Someone at the address signed for the knife (not the actual buyer since the name was different) and I hope that is the end of this transaction. I sent buyer a message to see if he got it and was satisfied but again, no reply. I will just move on and hope my future transactions are easier and better communication-wise. Thanks everybody for the input and humorous posts.
 
Also thanks to Esav Benyamin for the advice. If this kind of thing happens in the future I will notify you or another moderator so my thread can be cleaned up.
 
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