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Greedy Seller's Sudden Increase Sparks Tension (video) - Business (6) - Nairaland

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Re: Greedy Seller's Sudden Increase Sparks Tension (video) by OlujobaSamuel: 11:05pm On Mar 05
sweetgala:


I can't facilitate a prison when I'm not the judge but I can help the DPO see you into a jail cell pending when the magistrates grants you bail
Alaye, keep quiet joor, some of you actually think it's everyone you can bully with do you know who I am title, come try that nonsense with me, the dpo himself go hang you dry after the case choke him.
Don't learn how a market operates then jump into it maybe you won't get your fingers burnt
Re: Greedy Seller's Sudden Increase Sparks Tension (video) by sweetgala(m): 11:08pm On Mar 05
OlujobaSamuel:

Alaye, keep quiet joor, some of you actually think it's everyone you can bully with do you know who I am title, come try that nonsense with me, the dpo himself go hang you dry after the case choke him.
Don't learn how a market operates then jump into it maybe you won't get your fingers burnt

You're talking about market when the items in contention have been paid for and the ownership as a consequence has been transferred to me. You're thereby obstructing me from taking control of my property.

All these illiterate container boys sha, after you serve for 10 years this nah wetin you learn come.

Move closer come collect knock for head

1 Like

Re: Greedy Seller's Sudden Increase Sparks Tension (video) by OlujobaSamuel: 11:15pm On Mar 05
sweetgala:


Contracts are renegotiated on the agreement of both parties and one party can not compel another into a contract renegotiation under force or duress when the existing one has not lapsed or been broken by either party.

The buyer here if he has made full payment under the "verbal" understanding that the price has been negotiated and accepted can not be forced into a renegotiation. He for all intents and purposes is the owner of the doors even if an invoice has not been issued. The invoice would only strengthen his case as an undeniable evidence. The seller would then have to prove that he did issue the invoice under duress
If there is proven evidence on why a contract can't be fulfilled, a party has a right to request for renegotiating the contract terms, the funniest part is if the case should get to court, court will only grant a refund with an interest that won't harm the sellers business so he doesn't close shop, which ultimately leads to unemployment.
The court will also rule that each individual should bear the cost of their case
Re: Greedy Seller's Sudden Increase Sparks Tension (video) by OlujobaSamuel: 11:18pm On Mar 05
sweetgala:


You're talking about market when the items in contention have been paid for and the ownership as a consequence has been transferred to me. You're thereby obstructing me from taking control of my property.

All these illiterate container boys sha, after you serve for 10 years this nah wetin you learn come.

Move closer come collect knock for head
Book birds from Chi or feeds from Top feed make Dem msg you sey price don change, then you should tell them you can't pay new price
Re: Greedy Seller's Sudden Increase Sparks Tension (video) by Yusufisraelj(m): 11:20pm On Mar 05
wisestman:
smiley
The seller probably got a better offer while the buyer was away. He just wants the buyer to either pay or ask for a refund if the new price is not okay with him. I don't see any wrong doing. Buyer should ask for a refund if not happy

It's all shade of wrong bro, when a business is concluded so be it, greed is bad for business. Even if he had a super offer and he sold his last stock, an honest business is first come first serve.

Make do with the next opportunity.

1 Like

Re: Greedy Seller's Sudden Increase Sparks Tension (video) by sweetgala(m): 11:27pm On Mar 05
OlujobaSamuel:

Book birds from Chi or feeds from Top feed make Dem msg you sey price don change, then you should tell them you can't pay new price

If I have received an invoice my goods would arrive as agreed. No credible business would ever dare even suggest such a thing.
Re: Greedy Seller's Sudden Increase Sparks Tension (video) by Daystar7: 11:36pm On Mar 05
sweetgala:


Even if he made a part payment if you have issued a receipt stating the total price to be paid, the deposit paid and the balance to be collected the deal is done, the transaction is sealed and can only be renegotiated with the consent of all parties.

Part payment is never a done deal, he can always say, I don't want to buy no more, I want refunds. Don't argue with me plz
Re: Greedy Seller's Sudden Increase Sparks Tension (video) by OlujobaSamuel: 11:41pm On Mar 05
sweetgala:


If I have received an invoice my goods would arrive as agreed. No credible business would ever dare even suggest such a thing.
No credible business like?
Cement industry do same, Poultry, Beverages (Alcoholic and Nonalcoholic), eg, recent price increase by Nigerian Brewery Plc, you can google that memo they sent to their distributors online (it's a public document), etc.
We are only emotional because of the economic crisis the nation is facing, business has little to do with morals and more of self centeredness, you protect your interest first before that of customer, forget the doctrine "customer is king", it's just ego massage, every businesses protect itself first before any customer

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Re: Greedy Seller's Sudden Increase Sparks Tension (video) by OlujobaSamuel: 11:49pm On Mar 05
SUPERPACK:
Using same logic, what if when the buyer after paying the 1.6 million for the goods at 9am, he returns to pick it by 6pm and the market price have fallen to 1.2 million. Will the seller give him back his 400k and still give him the goods?

That's why business will always have an edge over the customer except we want to pretend about it.
Let's assume he bought it on credit and left with the goods with a promise to pay by month end, at month end, the goods is now 3m from 1.5m, will the seller collect extra 1.5m considering that he needs to restock and he is just getting a consideration (sum) that is now less than the cost of the goods

1 Like

Re: Greedy Seller's Sudden Increase Sparks Tension (video) by Konquest: 12:38am On Mar 06
Gistmedia10:
A Nigerian man was left stunned after being slapped with an unexpected N400,000 surcharge just two hours after purchasing 10 doors for N1.6 million, sparking a heated quarrel with the seller. The sudden hike, attributed to the economic challenges facing Nigeria, escalated into a tense confrontation between the buyer and the store staff.

The buyer, who had already paid for the doors at the initial price, returned to the store for pickup only to be informed of the shocking price surge. "I couldn't believe it. The seller demanded 25% (N400k) more, citing the economic situation," expressed the buyer, visibly upset by the unexpected demand.


https://www.youtube.com/watch?v=lt8apP8UsM4
Re: Greedy Seller's Sudden Increase Sparks Tension (video) by sweetgala(m): 3:13am On Mar 06
OlujobaSamuel:

No credible business like?
Cement industry do same, Poultry, Beverages (Alcoholic and Nonalcoholic), eg, recent price increase by Nigerian Brewery Plc, you can google that memo they sent to their distributors online (it's a public document), etc.
We are only emotional because of the economic crisis the nation is facing, business has little to do with morals and more of self centeredness, you protect your interest first before that of customer, forget the doctrine "customer is king", it's just ego massage, every businesses protect itself first before any customer

I can't speak of poultry business because there are a great many cowboys there but I know for a fact that cement factories and Beverage companies honour their agreements which has been placed in an invoice. What is in the invoice is what is paid they don't make an attempt to extract more funds from the receiver once the invoice/contract has been drawn up. If there is any need for change they would notify the consumer and it would only go into effect on the next shipment not on the shipment that has already been invoiced.

Some of use have done business with Nigerian breweries etc you can't be telling silly likes on line
Re: Greedy Seller's Sudden Increase Sparks Tension (video) by OlujobaSamuel: 5:27am On Mar 06
sweetgala:


I can't speak of poultry business because there are a great many cowboys there but I know for a fact that cement factories and Beverage companies honour their agreements which has been placed in an invoice. What is in the invoice is what is paid they don't make an attempt to extract more funds from the receiver once the invoice/contract has been drawn up. If there is any need for change they would notify the consumer and it would only go into effect on the next shipment not on the shipment that has already been invoiced.

Some of use have done business with Nigerian breweries etc you can't be telling silly likes on line
You see why you need to listen to other news outside politics, a news that was online just about 2wks ago is what you can't even verify.
A quick Google check would have given you the evidence
Re: Greedy Seller's Sudden Increase Sparks Tension (video) by Goshiii: 7:00am On Mar 06
OlujobaSamuel:

Alaye, keep quiet joor, some of you actually think it's everyone you can bully with do you know who I am title, come try that nonsense with me, the dpo himself go hang you dry after the case choke him.
Don't learn how a market operates then jump into it maybe you won't get your fingers burnt
Oya school us on how the market operates na.
Re: Greedy Seller's Sudden Increase Sparks Tension (video) by omoredia: 7:16am On Mar 06
Fearyourcreator:

Hear yourself... 2hrs and payment was made ... Some of you are just stupid to the core


U are a hopeless salary earner u have not idea. Ur leader is a thief and u expect those he is leading not to be like him. Do you know the terms of the transaction. Dumbo!
Re: Greedy Seller's Sudden Increase Sparks Tension (video) by OlujobaSamuel: 8:01am On Mar 06
Goshiii:

Oya school us on how the market operates na.
Came late to the party. Food don finish
Let's face Wednesday trending news, good morning to you.
Re: Greedy Seller's Sudden Increase Sparks Tension (video) by sweetgala(m): 6:44am On Mar 07
OlujobaSamuel:

You see why you need to listen to other news outside politics, a news that was online just about 2wks ago is what you can't even verify.
A quick Google check would have given you the evidence

Forget news online we are speaking of first hand experience. Proper trading corps honour their invoice. If there is a large repetitive supply contracts and there must be adjustments due to inflation they would notify you and bring you to the table to renegotiate the cost where necessary, they also have clauses in the agreement on how to terminate and some have clauses on price adjustments.

Changes are not arbitrary or do evince an invoice has been made within less than 2hrs.

The government has a duty to fight FX fluctuations and hyper inflation but there must be an effort from traders to understand their product, understand the market and fix prices it can change everyday but can't change mid or after transactions.

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