[quote="marymary1975, post:9, topic:333524"]
The OP does have a legal issue and he does need to speak a lawyer. He can rely on whether is a sin on this forum but he cannot take the advice of non lawyers in a forum as to his legal issue. Now the seller may not care and do nothing but the OP does have to be careful because the seller may have a cause of action and the OP doesn't know which way the seller would go.
My take as lawyer (though NOT a contract lawyer) in Minnesota [note, this is not legal advice and I don't know the specifics of his case or the exact legal ramifications in MN; consider this general information about the types of issues and play and the considerations for timing of obtaining proper legal advice]:
While it's true that the seller may have a cause of action, there's little reason for the OP to run out and pay a lawyer to look into something that may never happen. For him to need a lawyer, the following things need to occur:
The seller needs to change his mind and decide to sue him.
The seller needs to find a lawyer that determines he has a case, and a worthwhile one at that. There are a several of reasons this oral contact might not be binding:
*** the Statute of Frauds might make this oral contract unenforceable (the statute, which varies by state, says that certain oral contracts are unenforceable unless in writing; upon cursory glance it appears that the MN statute requires contracts "for sale of goods for the price of $500 or more" to be in writing: revisor.mn.gov/statutes/?id=336.2-201&year=2011)
*** no damages: since the seller still has the car, he may not have any damages from you backing out, especially if he successfully sells it to someone else; now, if the car burns up in fire tomorrow and he has no insurance, then he might have damages
*** probably several other things I am not aware of since I don't practice contract law
Short summary: it's very unlikely the OP would get sued for this. If he receives notification of a lawsuit, or even communication from the seller hinting at that, then he should definitely consult a lawyer to work through the options and his legal culpability.
Short of that, there's no reason for him to waste money consulting a lawyer, IMO.
Any absolute statements such as "it's not enforceable because he didn't sign anything" or "oral contracts are fully enforceable" are incorrect. As with almost everything in the law, it depends on the circumstances. For oral contracts, it depends on the type of agreement made and whether or not the state in question requires that type of agreement to be in writing.
Since the seller appears uninterested in suing, and if the agreed price was more than $500 (which appears to require a written contract in MN), I think the OP can rest easy unless and until he gets sued.