Legal Question in Consumer Law in California
What is the return policy on purchase made in the State of California?
To be specific 1st company purchase a printing machine with a deposit of $25K and signed legal documents agreeing to the purchase to be delivered in a months later from 2nd company located in South Carolina. The deal is done in California
Few days later 1st company decides they would like to back out of the deal.
Does the 2nd company have the right to keep all of the deposit?
Asked on 12/21/10, 10:18 am
1 Answer from Attorneys
Joe Marman
Law Office of Joseph Marman
It all depends on the terms of the contract. Typically companies that ttake over the obligations of ot her comcpanies, will take on all debts and obligations. sometimes the contract will say the new company is not t aking on all the debts and obligations.
Answered on 12/26/10, 11:35 am
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