I found a car on craigslist that was selling below book value due to an engine problem. My dad is a mechanic and we figured he could fix it up. We went to check it out and agreed to buy it. Gave a $XXX deposit and got a slip from him saying:
total cost: $X,XXX
-$XXX (2/24/11)
-----------------
XXXX due 2/25/11
"I received $XXX deposit for my 2003 dodge dakota."
(his signature)
(his name)
(his phone number)
we called him back saying we can actually pay him the money and pick it up on 2/24/11.
he agreed. 30 minutes later he calls saying he wants to back out of the sale. He wants to have the car checked out and if nothing is major he wants to keep it. (he agrees to give our deposit back). if we want to proceed with the sale (having the deposit slip) he cant back out, right?
after a signed document has been made its like a legal contract as i understand.
thank you in advance.
total cost: $X,XXX
-$XXX (2/24/11)
-----------------
XXXX due 2/25/11
"I received $XXX deposit for my 2003 dodge dakota."
(his signature)
(his name)
(his phone number)
we called him back saying we can actually pay him the money and pick it up on 2/24/11.
he agreed. 30 minutes later he calls saying he wants to back out of the sale. He wants to have the car checked out and if nothing is major he wants to keep it. (he agrees to give our deposit back). if we want to proceed with the sale (having the deposit slip) he cant back out, right?
after a signed document has been made its like a legal contract as i understand.
thank you in advance.