I bought an item at a garage sale for $1. The item turns out to be worth much, much more. can the previous owner su me for the money?
by 
bosbaby
ANSWERS: 11
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No way. You paid for it. You didnt steal it. Its yours.
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It depends on the circumstances. If the error resulted from a mutual mistake, then yes. Otherwise, no.
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Yes. In fact, if the item is worth much, much lower than a dollar, you can sue him.
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Nope! It's not like you walked into their house and helped yourself to their hidden treasures. They opted to sell it on their own.
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Buyer Beware works both ways ... he's SOL
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He could try but he would almost certainly lose.
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It depends on the circumstances, but probably not. As long as you didn't engage in fraud, (knowingly misrepresenting the value of the item, for example), you should be in the clear. The seller might argue that there was a mutual misunderstanding, if this ever goes to court. However, that argument would probably fail, since a mutual misunderstanding as to the value of an item is usually insufficient to void a contract: http://www.legalmatch.com/law-library/article/revoking-contracts-mutual-mistake.html
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Anyone can find a lawyer who will sue for any reason.
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There could be a different result if the person that sold it to you didn't own it.
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I should not think so because he sold it to you and you pay for it.
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Anyone can sue anyone for anything. But in this case, unless you knew the item was worth a lot when you bought it, the suit would likely not be successful.
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