02-01-15: Lse
Under the most basic elements of contract law, a rejection of an offer ends the matter right there.
While this is true, the seller did NOT decline the offer through official Audiogon channels. The buyer made an official offer through the Audiogon system. The seller PM'd the buyer rejecting his offer, off the record. He did not officially decline the offer through the Audiogon system though. That is how he was able to accept the offer. It's like he tried to strong arm a better deal, when the buyer balked, he accepted his original offer.
I assume in the legal world there is a big difference between working with official documents on the record, and working off the record, is there not?
Cheers,
John