I live in Georgia.
I answered an ad for a vehicle for sale at $6,800. I looked the vehicle over and said I wanted to purchase it. I gave the seller $50 cash as consideration to hold the vehicle and the seller agreed. I told him I would do a VIN check and was arranging financing but I had the cash even if financing was not approved. He gave me his binder containing service records and I left, agreeing to call him later in the day regarding the VIN check.
I called him an hour later and said the VIN checked fine and I would be by the next day with the funds. He agreed.
Later in the day the seller got a higher offer and took it.
Did I have a contract, and is it enforceble?
I answered an ad for a vehicle for sale at $6,800. I looked the vehicle over and said I wanted to purchase it. I gave the seller $50 cash as consideration to hold the vehicle and the seller agreed. I told him I would do a VIN check and was arranging financing but I had the cash even if financing was not approved. He gave me his binder containing service records and I left, agreeing to call him later in the day regarding the VIN check.
I called him an hour later and said the VIN checked fine and I would be by the next day with the funds. He agreed.
Later in the day the seller got a higher offer and took it.
Did I have a contract, and is it enforceble?