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Do you have to pay a deposit back if the customer cancels the job but you dont have a contract?
Wiki User
∙ 13y ago
If you don't have a contract then refunding the deposit would be morally correct unless the deposit was clearly agreed upon as being non-refundable. If effort/work has been completed prior to cancellation then that should be rewarded. Such as in a general contractor's situation: planning, drafting, procuring materials, etc.
Having a contract or clear agreement on a non-refundable deposit prior to the transaction/work being completed will avoid future discrepancies.
Wiki User
∙ 13y ago
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How do you get your earnest money back after failed real estate deal?
You need to review your contract to determine how and if you can get your deposit back.
What is the nature of returnable deposit?
A Returnable Deposit is one in which a bank accepts a deposit from a customer and returns it to the customer when he/she wants to take it back. Some of the types are: a. Savings Account Deposits b. Checking Account Deposits c. Fixed Deposits d. Recurring Deposits e. etc.
Why wont a bank accept a bankdraft back from one of teir customers?
The bank cannot do that. Any customer of the bank who wants to deposit a bank draft into their account can do that. A bank cannot refuse to accept a customer's draft for deposit. You have the right to deposit it with any bank that you have an account with (unless it is a fake draft).
Can a wife deposit her husband's paycheck?
A wife can deposit her husbands paycheck if the husband has signed the back of the check. The wife must also sign the back under the husbands name in order to deposit the check.
How 2 get your retension back if your in the building trade?
Complete the job to the original agreed upon contract - which was hopefully in writing. If the customer is being unreasonable and you can prove you performed your end of the contract properly, depending on the dollar amount of the retention, take them to small claims court.
What should i do when my hotel cancels my wedding?
It depends on how much it affects your planning. If you are able to find another venue, take back your deposit and carry on. Generally,if a customer cancels, the deposit is forfieted (lost) but if a wedding service provider cancels a function, the deposit is returned to the customer. If you are unable to find another venue, the there may be grounds for legal action.
If a contract has been signed and a deposit paid can the landlord back out of the deal?
No.
Can an owner back out of a rental if deposit money was given?
Yes. But the real issue is the contract. Was there a contract and the landlord has a responsibility to it.
Can you cancel a vehicle sale contract and get your deposit back if the dealer did not get you to sign it?
Without a signature, there is no contract. If you want your money back the dealer is obligated to give it to you.
How do you get your earnest money back after failed real estate deal?
You need to review your contract to determine how and if you can get your deposit back.
Is it possible to back out of a untitled lot contract after you have signed and paid already the downpayment?
Depends upon the terms of the contract, but usually you forfeit your deposit if you do.
If the car leasing company cancels your lease for late payments do they owe you your money back?
No. If *they* violated the terms of the contract, they might owe you money. But if *you* violate the terms of the contract they keep whatever you've paid. Check your contract for what they're allowed to do.
What is the nature of returnable deposit?
A Returnable Deposit is one in which a bank accepts a deposit from a customer and returns it to the customer when he/she wants to take it back. Some of the types are: a. Savings Account Deposits b. Checking Account Deposits c. Fixed Deposits d. Recurring Deposits e. etc.
Do you get deposit back if you cancel?
Depends ... please read the "fine print" and everything in the written contract. It could be that you might get a percentage of your deposit returned or it may mean that you get nothing back ... you signed the contract, which means you agreed to ALL the terms stated in writing ... this is why it is SO important to read everything in a contract, even if it takes 2 hours - just read it.
Why wont a bank accept a bankdraft back from one of teir customers?
The bank cannot do that. Any customer of the bank who wants to deposit a bank draft into their account can do that. A bank cannot refuse to accept a customer's draft for deposit. You have the right to deposit it with any bank that you have an account with (unless it is a fake draft).
The down payment on a home cannot be met. Can a purchase agreement be canceled?
You need to review the contract you signed to determine if you can get your deposit back. If the agreement was contingent on your being able to amass the down payment then the contract can be voided. However, you need to review what you signed. It would be best to consult an attorney it there is no language in the contract to release you in this situation.You need to review the contract you signed to determine if you can get your deposit back. If the agreement was contingent on your being able to amass the down payment then the contract can be voided. However, you need to review what you signed. It would be best to consult an attorney it there is no language in the contract to release you in this situation.You need to review the contract you signed to determine if you can get your deposit back. If the agreement was contingent on your being able to amass the down payment then the contract can be voided. However, you need to review what you signed. It would be best to consult an attorney it there is no language in the contract to release you in this situation.You need to review the contract you signed to determine if you can get your deposit back. If the agreement was contingent on your being able to amass the down payment then the contract can be voided. However, you need to review what you signed. It would be best to consult an attorney it there is no language in the contract to release you in this situation.
Do you have to give deposit back on sale of your property if they back out?
This would depend on how your contract of sale has been drawn up and in which country you reside. Someone giving you a deposit to buy property creates a contract between you and the purchaser that they will fufill their part of the bargain (contract) by purchasing your property. Therefore if they do not proceed is a breach of contract which you would need to pursue through the courts. If your interests have been protected it will explain in the contract what happens if you or the buyer pulls out. The buyer may be responsible for all your costs until you resell the property ogether with interest added to those expenses. Normally a deposit is returned unless it was made clear and in writing before a contract was signed, that any deposit was non- refundable. If the buyer knew this beforehand and agreed to that condition, then you would be able to keep the deposit. If that was not the case then you would need to refund the deposit and make the buyers aware who have pulled (and give notice to this effect) out that you will be enforcing the clauses of the contract in relation to the purchasers pulling out. You should seek further urgent legal advice to clarify your position.
