Patent ID: 8831989

Claim:
An apparatus for facilitating a recall of a previously sold product, the apparatus comprising: a processor; a memory operable to communicate with the processor, the memory storing a program for controlling the processor, the program comprising a process which when executed by the processor causes to processor to: determine that a unit of product has been sold by a seller to a buyer at a first price, wherein the unit of product is sold subject to a recall upon acceptance of a buyout provision; determine that a buyout condition for outputting to the buyer a buyout notification has been satisfied, the buyout notification based on the buyout provision; cause the buyout notification to be output to the buyer, the buyout notification informing the buyer that the seller is interested in recalling the unit of the product subject to the buyout provision and requesting the buyer to define an amount of value for which the buyer is willing to surrender the unit of product; receive, from the buyer, an indication of an amount of value in exchange for which the buyer is willing to surrender the unit of product, thereby determining a recall payment amount as defined by the buyer; determine that the recall payment amount is acceptable to the seller; and recall the unit of product from the buyer in exchange for the recall payment amount as defined by the buyer.