Thanks that helped a great deal.
Essentially, under the principle of good faith, when the meeting of the minds is made, the contract comes into existence? And from there forward come the mechanisms of perfection?
As a practice, it sounds like immediate credit card deposits create undeniable proof of contract, and anything downstream from there is just mechanicals.
I've been warned on real estate deals that the deposit can be too small to be considered real or sincere.
I'm just trying to work out a best practices model for some of the things I buy that invariably become complicated and contentious. I want less of all that.
edited to add: Oh, and Thank-you, Condor
Last edited by ClapperZapper; 01/22/14 08:20 AM.
