Legal Question in Business Law in Florida

I paid a deposit for the purchase of a recreational vessel. The purchase stipulated that the sale was contingent on a water test, mechanical inspection, personal inspection, and survey. All were performed yesterdays as schedul;ed and the mechanical inspection revealed low compression on both motors. I notified the selling broker that I would not be buying the boat. The selling broker then said that he will not refund the deposit and refuses to do so. Is this legal?


Asked on 2/22/11, 12:01 pm

1 Answer from Attorneys
Kevin B. Murphy Franchise Foundations, APC

As a Franchise Attorney I can say this. It all depends on what the sales contract provides. This needs to be examined carefully. Consult with a good business or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation

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Answered on 2/22/11, 2:02 pm


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