deposit refund

2 Answers. Asked on Apr 05th, 2017 on Business Law - New York
More details to this question:
I put a deposit on a dump truck from a private owner,is my deposit refundable if i change my mind to purchase it?
Answers Showing 2 out of 2
Answered on Apr 08th, 2017 at 7:38 AM

It depends on the contract you signed.  If no contract, then someone cannot keep the truck and the money, so you have a claim.

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Answered on Apr 05th, 2017 at 11:20 AM

That depends.  What does your contract say?  If you only have an oral agreement, what did you agree upon about deposits?  If you never discussed it, what is the usual practice in that sort of purchase?

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