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I live in NY and sold a car. Having problems with buyer decided not to sell it to him and refund money. Now he's threatening to sue.
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∙ 11y ago
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Can you be sued for taking a deposit on a car sale and then selling to someone else?
Yes, you can. You violated the contract that was established by taking the deposit. Unless there was some restrictions on the deposit such as You have to confirm that you want to purchase within 5 days, or you have 10 days to present the rest of the money, otherwise I can sell to someone else.
Are you entitled to your deposit back no paper work has been signed?
Where I live a deposit is a payment to hold the vehicle.Please note I said paymentSo no, if you put down a deposit, you are paying us to not sell the car for a period of time.This payment is credited against your purchase but not refundable if decide not to buy.
I'll sell you my car if I decide to sell it is an example of?
a conditional offer
Factors of production OF A car?
You need to decide what features to put on the car. Then determine the prices and who you will sell it to.
Can a dealer take a deposit on a car and sell it the next day to someone else?
no i dont beleave so.
Can a seller back out of a signed agreement to sell a car if they refund your deposit?
Not legally unless the buyer agrees to it.
If you buy a new car and decide you do not like if after a year what should you do?
trading in the car is probably your best option or you can sell it :)
Should you donate your used car or sell it?
That's a decision you need to think about and decide for yourself.
If you put a deposit on a car can you change your mind Can You forfeit the deposit and get out of the deal?
if someone puts a deposit on a car after a 2 weeks period they change there mind do have to give them there deposit back
Where can one sell a GMC 5500?
One can sell a GMC 5500 to any local car dealership or at an auction. Before doing so, one should also determine the value of the car and condition and then decide on the price.
How can you decide a car valuation?
Which cars can you afford? How do trade-in values compare to private-sale values? Which car is right for you? Is it the right time to buy or sell? Our tools can help
If you accepted a deposit to sell your car but then want to keep the car can you return the deposit or do you have to go ahead with the sale?
You should go ahead with the sale. You can ask the buyer if he will let you out of the deal and even offer to pay him a good faith amount for the privilege, but in the end if he refuses and wants the car you need to keep your word and sell it to him. Otherwise you may end up in a lawsuit and besides you made a verbal contract and it is only right you keep your word. This is what I would do.
