answersLogoWhite

0

The real issue here is what recourse the prospective buyer has. Since he hasn't actually taken possession of the item, he would need to sue the seller, which frankly will probably be more trouble than it's worth even if he wins.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

When a seller has agreed to supply all of the needs of a buyer there is a?

requirements contract


What is the difference between sales and cash sales?

In cash sales, payments are made instantly by the buyer/customer to the seller, where as in credit sales, the payments are generally made after a specific period as agreed upon between the buyer and the seller.


What is the difference between sales tax invoice and commercial invoice?

An invoice is a commercial document issued by a seller to a buyer, indicating the products, quantities and agreed prices for products or services that the Seller has already provided the Buyer with. An invoice indicates that, unless paid in advance, payment is due by the buyer to the seller, according to the agreed terms.while sales tax invoice is the where all the taxes that are required by law are reported along with the price of product.


What is different between sales credit and cash credit?

In cash sales, payments are made instantly by the buyer/customer to the seller, where as in credit sales, the payments are generally made after a specific period as agreed upon between the buyer and the seller.


What is the seller's compensations if buyer does not keep his agreement to purchase real estate?

There are remedies available to the Seller if a buyer does not purchase the real estate as agreed in a written, fully executed contract. These are only available to the seller if the buyer has signed the contract and there are no limiting conditions such as a financial clause, inspection clause, due diligence period, etc. If the buyer breaches the contract the seller may sue to keep the buyer's deposit, sue for damages caused by the buyer breaching the contract, and may also sue for "specific performance" which would force the buyer to purchase and close on the real estate.


Who pays export tax the seller or buyer?

The seller. The seller is shipping it to the buyer, not vice versa.


What is a buyer and seller of goods called?

Buyer is a consumer Seller is a Distributor


Is a contract valid if the buyer signs as seller and seller signs as buyer?

Yes, but it would have to be because both parties agreed to the correct identities and this would need to be with an appropriate notation/addendum raised by the two lawyers involved and with all four signatures added to it.


Is a purchase order a buyer or a seller?

A purchase order is issued from a buyer to a seller.


When agreed upon in advance what is the seller's compensation if the buyer does not keep his agreement to purchase?

If the buyer does not fulfill their agreement to purchase, the seller's compensation, as agreed upon in advance, typically comes in the form of a forfeited deposit or earnest money. This amount is usually specified in the purchase contract and serves as compensation for the seller's time and opportunity cost. Additionally, the seller may also seek damages for any losses incurred due to the breach, depending on the terms outlined in the agreement.


What are the 2 people called in a deed?

The seller is called the grantor. The buyer is called the grantee.The seller is called the grantor. The buyer is called the grantee.The seller is called the grantor. The buyer is called the grantee.The seller is called the grantor. The buyer is called the grantee.


What does seller issues POP to buyer mean?

seller issues POP to buyer mean