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A fixed deposit is called a pledge, because it is an agreement that is made. The agreement is a certain amount of money will be deposited on a regular basis. It is a promise or pledge to make the deposit.
Certificates of deposit
A deposit is a promise to buy the vehicle As you have made a deposit the seller has agreed not to sell the vehicle to anyone else. This is a binding contract and in most Places the seller can force you to buy the vehicle. If he allows you out of the deal and keeps the deposit you are luck he only charged you the deposit.
promise to pay
A promise ring is generally given to promise to get an engagement ring in the future. No, you cannot sue this young man because he broke his promise. You have learned a valuable lesson that you need to be more careful about who promises you what.
yes but you have to be careful on what promiss you make
Unless it is stated in writing that the deposit is refundable, it typically isn't. The person accepting the deposit has essentially removed the car from the market and may have missed another sale because you had made the deposit, which was your promise to purchase the vehicle.
corruption in the financial community and lending policies
If you are inquiring about the Silvergate Financial in Philadelphia, STAY AWAY... this is the ltimate in bait and switch, I just lost $3,200.00 to them with the promise of a $10,000.00 dollar loan.....
40508. (a) A person willfully violating his or her written promise to appear or a lawfully granted continuance of his or her promise to appear in court or before a person authorized to receive a deposit of bail is guilty of a misdemeanor regardless of the disposition of the charge upon which he or she was originally arrested
40508(a) is a California Vehicle Code violation. It states "A person willfully violating his or her written promise to appear or a lawfully granted continuance of his or her promise to appear in court or before a person authorized to receive a deposit of bail is guilty of a misdemeanor regardless of the disposition of the charge upon which he or she was originally arrested."
California Vehicle Code section 40508. (a) A person willfully violating his or her written promise to appear or a lawfully granted continuance of his or her promise to appear in court or before a person authorized to receive a deposit of bail is guilty of a misdemeanor regardless of the disposition of the charge upon which he or she was originally arrested.