Consumer Law, Warranties break a contract?

[cywd]

I have written an intent to sell my van to a person with written words like: I agree to sell the person my van to this person and I am holding this car until X/X (some date) with a deposit of personal check of $XXX for total price of $XXXX.
However, I got better offer later and wonder whether I could break the contract and what is the best thing to do. I've also sent an email with words that I will turn down other offers. What's my legal responsibilities? Could I change my mind and break the contract and sold it for a better price?
Thank you very much for your advice!

 

[Michael Wechsler]

If you break the contract (a) you'll need to return the deposit, and (b) you might be liable for damages, which is likely a small claims case. Best case? Call up the guy, tell him you got a better offer, and offer him back his deposit with a little extra to let him know you're sincere. Perhaps that might work and everyone will be happy?