Legal Question in Civil Litigation in California
A monetary deposit put down for purchase of an autombile
I had an automobile for sale. A person looked at the auto and decided to buy. A check was given as a deposit until the rest of the money could be accessed.
The deposit was cashed, and then the buyer decided to back out of the deal. Am I responsible to return the deposit money in full?
Asked on 10/09/01, 11:54 pm
1 Answer from Attorneys
Norman Gregory Fernandez, Esq.
The Law Offices of Norman Gregory Fernandez & Associates
Re: A monetary deposit put down for purchase of an autombile
Ordinarily deposits such as this are non-refundable because you took the vehicle off of the market. In the end it depends on what were the terms of the deal when you took the deposit.
Answered on 11/21/01, 6:24 pm