Appellate Practice Attorney serving New York, NY
Given these facts, you would lose, unless there is a Wisconsin statute (I assume that both seller and buyer live in Wisconsin) which allows you to back out of the situation within a given period of time. Since the seller is not in the business of selling tv's, I doubt that any such statute would cover your situation, but I am not familiar with Wisconsin law so it is possible. Absent such a statute, you would lose. You made a contract. You could have checked with your friend before you agreed, but you didn't . You did not negotiate a provision allowing you to back out, or condition the contract on any subsequent event, such as another tv becoming available.
Answered on Sep 28th, 2014 at 8:01 AM