Legal Question in Business Law in California

I am selling a business and a person who want to buy sign a deposit paper and put down a deposit of 3000, 2 days later she change her mind and want her deposit back, I refused and now she sue me..

my question is what going to happen, and do i have to pay that back?

or can i resue her?


Asked on 5/21/12, 1:52 pm

1 Answer from Attorneys
Terry A. Nelson Nelson & Lawless

When people enter into a contract, by taking a deposit and agreeing to sell, they risk being sued if they refuse to refund the money, even if the other party is at fault and changes their mind. Now that you have been sued, you could potentially counter sue her for breach of agreement. You'll need to consult with your attorney to determine your rights and remedies, and the costs and risks of this litigation. If serious about hiring counsel to help in this, and if this is in SoCal courts, feel free to contact me.

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Answered on 5/21/12, 2:07 pm


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