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READ the contract you signed. Most possibilities are covered in the contract. the only way I know of to "cancel" a contract is if it was started at you home(usually door to door sales) or default by one party and usually involves legal action.

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โˆ™ 2005-02-09 09:20:58
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Q: What happens to the down payment if you cancel your contract?
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Related questions

Can a dealer reposses a car for not paying deferred down payment that is not in the contract?

This is not your car. The down payment enables you to have the privilege of a contract. So, pay up.


You signed a contract for a used car the car dealer still has the car you have not given your down payment can you get out?

I THINK SO. THE CONTRACT HASN'T BEEN COMPLETED UNTIL THE DOWN PAYMENT IS MADE. HE'LL PROBABLY VOID THE CONTRACT FOR FAILURE OF PAYMENT.


In the State of Florida How many days do you have to cancel a new car purchase contract.?

There is no 3 day to cancel a new car purchase contract. The only time you have 3 days if the dealer came to your house or place of business and Solicit you. There is no 3 day to cancel a new car purchase contract. The only time you have 3 days if the dealer came to your house or place of business and Solicit you. ------------------------------------------------------------- Always read your contract before you deal with dealer, And I think is 10 days is very common for cancel your contract but it all are depend on your down payment & dealer's financial condition.


Can a car be repossessed if you are late making the remainder of the down payment but have been on time making the car payment?

YES, making the down payment is part of the contract and you are in default on it.


Can you get your down payment back after signing the contract in Baton Rouge LA?

No, you signed the contract so that is legally binding.


Can a private seller back out of a sale if he returns the down payment?

It depends on the terms of the contract.


What happens to your down payment in foreclosure?

The money is gone after foreclosure.


Can you get your money back if you put a down payment on a as is automobile and contract was cancelled the next day?

yes


What happens when 2 balanced forces cancel out on each other?

They Fall Down And Drop


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.


Can the same relative sell real estate and give the gift down payment?

as long as it is disclosed on the purchase contract.


Can a private auto seller renege after receiving a down payment?

Not without the buyer's consent if a contract was already formed

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