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ebay best offer accepted do i have to buy?

Posted 26th Oct 2014
Ive seen an item on ebay (boiler spare part) for my brother and made "an offer" for £15 (was £17), however next day my brother has got his item from a local shop (twice the price nevertheless). Then i got the offer i placed accepted. Does it mean I am bound to buy it. as i no longer need the item.
dont mind doing things right if it means i have to buy it or pay them compensation. I am wondering about ebay terms in this matter ?
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