Today i was selling some of my BTC to my friend and I we had a situation that I want some opinion on it . Now i sent him what worth of $100.20 ( at the time of transaction ) . But what he received was $99.70 ( at the time of received ) . Now my question is what value we should take here? The value at the moment i sent or the value at the moment he received ? I know that $0.50 is really nothing but me and my friend entered in to debate and I really wanted to know which value to use ! . because if a big delay happened and the price changed a lot with big a mount of money it gonna be a real problem .
Hello!
It is the price agreed upon that should be binding, and not the price at the time of receipt. In other words, it is the value at the time of transaction that should be binding between or among the parties involved. This is in adherence to what the law provides to prevent undue deprivation of the owner or seller's Bitcoins. Also, the latter should not be made to answer for whatever economic realities that come by just because of a transaction delay that is beyond his control. This is, of course, presupposing that there is no contract made to the contrary stating that in case of delays, the value that should be binding is that of the value upon receipt.
I hope it helps.
Best regards!