Can someone sue me for signing a price quote and then deciding not to purchase the item?

Question

I am opening a medical clinic and recently signed and initialed what was explained to me as a price quote for some x-ray equipment. My budget will not allow me to purchase this x-ray unit anymore and I have to go with something cheaper. This company is threatening to take legal action and sue me if I don't purchase the original equipment; as they say the quote I signed was actually a legally binding contract. It was never presented to me as legally binding, I was told that it was more of a good faith agreement. Can they actually sue me, or am I just being bullied???

Answer 1

Can you prove they lied? Most contracts can be broken if the intent is not there. Let them sue, which I don't think they will.

Answer 2

Does it say anywhere on the paper you signed that it was a sales agreement? I don't think a signed price quote (Why would you sign a price quote, though?) would be a legally binding contract. But you were told it was an agreement. An agreement for what? To sell the items, or that the price quoted would be the price if you bought?



Your defense will be that you had no intent to enter into a contract. But your signature on a document you knew was an agreement will hurt this defense. They can certainly sue you. The cost of defending yourself may be more than the difference between the units. Try to work something out with them.

Answer 3

Read it carefully, what does it say?



Most price quotes are not legally binding, the whole point of getting quotes is to get many from different companies and pick the best one. However, in many cases, when you sign it, you actually agree to the quote. Did you sign something and then get a price later on? Or was the price on the paper?



However, if it is a contact and is presented as such in the document, then you may have a problem.

Answer 4

Some companies do have it in their quote paperwork that once the quote is signed it becomes a contract for service. They should have left you a copy of the paperwork, read over it. Even though they did not explain this to you, a court will look at as binding if in fact is there.

Answer 5

if you have a copy of the Quote read ANY small print and also go to your local Law Library. And then stop by to meet up with a lawyer

Answer 6

I think they're bullying you, particularly if there is no language in the quote of obligation to buy. The initials verify that if they sell it to you, it's for that price, and if you buy it, it's for that price.