When is an eBay auction null and void?
When is an eBay auction null and void?Answer: In general, purchase transactions on eBay are binding contracts—once a seller has listed an item and a buyer has either won it via the bidding process or bought it now, both have a legal obligation to complete the transaction. There are a few cases, however, in which eBay transactions may be considered null and void even after a winner/buyer has been identified and the listing ended. • When a reserve price has not been met. If the item was listed as an auction with a reserve price and this price was not met, neither party is under any obligation to complete the transaction—the buyer is under no obligation to pay for the item and the seller is under no obligation to sell it even if the buyer pays. That’s not to say that buyer and seller are forbidden from completing the transaction at the final price—only that the eBay component is null and void. • W
