question about the condition of a teak credenza  

a few more

Strange place for such a flaw,
but, better there than on the front of the door.
How can anyone give an opinion as to whether you should or shouldn't buy it, without knowing the asking price? For some prices, you expect perfection... for other prices, it's easy to overlook repairable flaws.
Edit- what's the flaw in the last photo? That teeny missing sliver?

the missing piece
is a piece of wood next to the hinge on the door. The silver stuff you see is the hinge. The door feels very stable when I opened and closed it so it appears to be just cosmetic.
They are asking 2k but it is negotiable. We are fairly new to this vintage furniture thing so we have no idea if that is a good deal or not.

That's a lot of lettuce.
I was expecting to hear a three-digit figure-- the pink candle leading me to think this a Craigslist sale ... accompanied by a Craigslist kind of price.
To me, the little missing chunk on the door is a VERY big flaw at two grand or that vicinity.

I agree.
There is evidence of broken metal at the hinge, if I am not mistaken. I hate to see hinged doors that are wider than they are high, indicating (to me) undue stress on the hinges. I am surprised (considering the damage, and the door shape) that the doors operate correctly, and that they have not sagged visibly over time. Cup hinges are adjustable, fortunately.
I am trying to picture in my mind what broke, and how. Cup hinges are drilled into the back of the door quite close to the edge of the door, leaving a small amount of wood/wood product that is potentially vulnerable. That said, I have not seen this kind of damage before.
I was beginning to wonder if the doors were made of solid teak. But, looking at the door edge, it appears the material is particle board, with edgebanding and face veneer. The broken part is presumably not structural and could be built up with Bondo or epoxy putty, after which the edge could receive a new edgeband, leaving no visible damage to the exterior of the piece. The hinge cups are screwed to the back of the door; if these screws are sound, and the hinge is not broken, then all is well structurally. Replacing a hinge with a matching one might or might not be easy, depending on how old the piece is.
The drawer damage appears very minor and easily improved, if I'm seeing it correctly. What is the white substance -- paint ?
It's a nice-looking piece, but I wouldn't pay $1 K for it with the damage.

hmm
So their price is way high then. This isn't a CL sale btw and I believe I can negotiate quite a bit on the price if I am really interested.
Here is a photo of the door with the missing wood. It is not sagging and when I opened and closed it, the door felt pretty sturdy. Now I wish I had taken a photo of the inside of that door because I can't remember what it looks like inside now. It is a very odd damage because the rest of the piece is in great shape.
SDR, the white stuff rubs right off but I don't know what it is.

I was also expecting it to be...
I was also expecting it to be a three digit figure, in that it did not seem like a retail sales situation. $2,000 seems high, and I think what you do depends on how much you want a Kofod Larsen credenza like this one. You do not come across many of these that are cheaply priced, as demand for them is strong. The damage does not seem too bad, and as SDR said, it could be covered with a new edge veneer eventually (although I would want to see what the back side of the door looked like, and the hinge condition). If I really wanted this particular credenza, I think I would see this as an opportunity to possibly get it for around $1000 after making an offer, and I would be quite happy with that.

It's very handsome
isn't it. Lovely proportions and details -- and the wood really is gorgeous.

hinge was probably replaced
Looking at the photos I took of the other hinges (yes I know how stupid was that?), it looks like this particlar hinge is a different color. The other hinges have more of a brass coloring to them while this one has a titanium coloring.
Perhaps what happened is that someone pushed the door open way too far, broke the hinge there and took out a piece of wood from the door. Then they replaced the hinge there but didn't bother to fill in the wood.
A bit of research on the web indicates that the piece can go for quite a bit in retail when it doesn't have a replaced hinge. So the question is how much should the replaced hinge detract from the value of it. If we buy it we will keep it for a long time but obviously we don't want to overpay either.
We still do like it very much. We've been looking for something of that size (90 inches long) for the dining room for a while. Most of the things at the local shops are very expensive (would you pay 5k for a teak credenza?) and the CL ones tend to be lacking in style.

It is a pretty credenza.
Perhaps you should bargain the seller down, have the repair done, then enjoy it. You'll forget that the flaw ever existed.
There's a definite added value in that this piece meets all your requirements, after a lengthy search. The time saved in further shopping can be put to other uses-- assign a dollar value to your time and energy, then mentally deduct that amount from the purchase price.

Definitely Ib Kofod-Larsen
If you really love it, offer $1500 and figure you'll pay whatever to fix the damage. Then you'll have a gorgeous buffet to enjoy for a long time.

after some bargaining
the seller suggested 1500 for the credenza. We are tempted to say yes but we don't know for sure still. Maybe we need to go over there and take another look.

I'd like to see
a photo of a hinge on this piece -- any hinge.

Me too, but $1500 retail seems within reason to me.
The fixes look to be minor and straightforward, maybe a couple hundred tops, by a seasoned pro including an overall surface clean/wax job. I'd do it for a C-note if transit weren't involved.

SDR
Here you go! This is on one of the middle doors, appears to be the original hinge.