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METHOD AND APPARATUS FOR A CRYPTOGRAPHICALLY ASSISTED COMMERCIAL NETWORK SYSTEM DESIGNED TO FACILITATE BUYER-DRIVEN CONDITIONAL PURCHASE OFFERS

  • US 20090271317A1
  • Filed: 11/24/2008
  • Published: 10/29/2009
  • Est. Priority Date: 09/04/1996
  • Status: Active Grant
First Claim
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1. A method of electronically consummating a binding contract between a remote prospective buyer and a remote potential seller, which comprises the steps of:

  • electronically receiving from the prospective buyer a purchase offer containing at least one condition;

    electronically making available the purchase offer to a plurality of potential sellers;

    electronically receiving from at least one of the potential sellers an unconditional acceptance of the offer; and

    determining the first unconditional acceptance to be received and the identity of the corresponding first-accepting seller.

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