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It's possible, but it would require tact and negotiation. Usually "regular stuff" bought and sold by private parties is "as is, where is" and no refunds are given. If, however, the purchase was made for an item that was represented as "working" and it wasn't, some limited recourse may be possible. The situation may end up in small claims or in civil court.

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What is the difference between a Stock sale or an asset sale?

In a stock sale, the buyer purchases all or a portion of the stock (or membership interest in the case of an LLC) of a business entity. In most cases, the purchase would be at least for a controlling (majority) interest. The business entity itself continues to exist as before, there is simply a change of ownership. Notably, if the business entity owed people money before the stock sale, it will continue to owe that money after the stock sale, so the new owner effectively assumes all of the obligations of the business.In an asset sale, the buyer only purchases assets from the business. Unless the buyer agrees to assume specific liabilities (or, in some instances, if there are specific liabilities that follow the assets, by law), the buyer is not responsible for paying the debts of the selling company. After the sale of the assets, the old company continues to have the responsibility to pay its creditors.


What does sale on account mean?

A sale "on account" would usually refer to a transaction where goods or services are transferred (sold) to a customer (buyer) on credit terms (to be paid for later at a specific time).


What do you mean by Cash Memo?

a cash memo is a document prepared by the seller and given to the buyer during a purchase or sale transaction


Who issue a credit note?

A credit note is issued by a seller or vendor to a buyer. It serves as a document acknowledging that a certain amount has been credited to the buyer's account, often due to a return, overpayment, or billing error. The credit note can be used to offset future purchases or as a refund.


What is difference between deed of transfer and agreement for sale?

A deed transfer is where under a contract of sale of property in goods is transferred from the seller to the buyer while agreement for sale is where transfer of property is to take place at a future time or is subject to some conditions to be fulfilled latter.

Related Questions

How long after a car sale can a private party buyer return the car?

After a car sale, a private party can return the car within thirty days. This return policy is dependent on the individual seller.


Return car to dealer in Ohio?

You can return the car for repair, but not for a refund. The cooling off period law, or buyer's remorse law, does not apply to the sale of a vehicle.


Is gst payable on a private sale of a used car in Saskatchewan?

Yes, GST is payable on a private sale of a used car in Saskatchewan. When an individual sells a used vehicle privately, the buyer is responsible for paying the GST on the purchase price. The GST is calculated at a rate of 5% of the sale price, and the buyer must report and remit this tax when registering the vehicle with the Saskatchewan government.


Is it legal to knowingly sell a vehicle with no exhaust system in Oregon without notifying the buyer in a private party sale?

yes it is


Can a buyer in a private car sale reneg on the purchase?

Until money is handed over and papers are signed, you can back out whenever you want.


Define what a private sale treaty means?

A private sale treaty is a formal agreement between the buyer and seller to transfer ownership of an asset, typically real estate, outside of a public auction or open market sale. This type of sale allows for negotiation of terms, such as price and conditions, in a more private setting.


Is it legal to knowingly sell a vehicle with no exhaust system in Oregon withouout notifying the buyer in a private party sale?

no it is there job to check out the car


Can a seller back out of an auction on eBay?

A seller can back out for many reasons. Some reasons but not limited too:  Error in listing  Lost or broken item  The item is no longer for sale If you're a buyer and your not getting what you wanted please keep in mind that accidents and honest mistakes do happen. The buyer should get a refund from a seller that had to back out of a sale.


How do I sell my car to a private party?

To sell your car to a private party, you need to advertise it, set a fair price, prepare the necessary paperwork like the title and bill of sale, and arrange a meeting for the potential buyer to inspect and test drive the car. Once you agree on a price, complete the sale by signing over the title and transferring ownership to the buyer.


How do real estate agents charge their fees?

Typically a percentage of the sale that funds when escrow closed. 3% is normal, though generally the buyer's agent and the seller's agent split the commission 50/50. If the buyer has no agent, a partial refund is sometimes given to the buyer. sometime fixed amount may also be charged from buyer or seller insted of percentage.


What are the steps involved in selling your car to a private buyer?

The steps involved in selling your car to a private buyer include: determining the value of your car, preparing the necessary paperwork such as the title and bill of sale, advertising the car, negotiating the price with potential buyers, finalizing the sale agreement, and transferring ownership by signing over the title and completing any required documentation.


How can you get a copy of a bill of sale at a car auction?

You can get a copy of the purchase receipt from the auction if you are the buyer however car auctions don't work on a bill of sale. They have the title follow the car from seller to buyer. If the seller fails to provide the title prior to the start of the auction they are charged a fee which is typically around $50. They have 30 days to produce the title to the auction. If they fail to do so the buyer can return the car to the auction and get a full refund of purchase price.