Legal Question in Credit and Debt Law in California
I have signed for a automobile purchase order in California, I totally forgot I signed it 10 days ago, I didnt give any kind of money and the car stayed with the dealer. I found another car and bought it and then realized of this PO, can I cancel it without any implications? I dont have the money to buy 2 cars. What can I do?
1 Answer from Attorneys
I do not see anything in your question that would give you a legal right to cancel the first purchase order. The only exception would be if the purchase order gave you some sort of cancellation right -- and I seriously doubt that it did.
You will have to rely on the good faith of the seller, and if need be, negotiate a settlement to this problem.
You definitely need to contact the seller immediately and begin this process, so as to minimize the seller's losses and any amount you might have to pay.