Legal Question in Business Law in New York

I purchased a car two weeks ago. A $2,000 deposit was asked for at first, but I only had $1,000 available. A suggestion was made, among others, if I may be able to bring the other $1,000 within a couple of weeks, with a promissory note stating that I would do so. After a lengthy consultation a deal was made without any further discussion of the other $1,000...no such form was filled or signed and I was able to drive out with my car. From a legal stand point, are they able to pursue me for the $1,000 and /or repossess my car?


Asked on 7/28/15, 7:49 am

1 Answer from Attorneys
SHAHRIAR KASHANIAN LAW OFFICES OF SHAHRIAR KASHANIAN, ESQ.,

You can be sued if there were witnesses to your agreement and/or the market value of the car warrants your payment of the additional $1,000. It will come down to credibility and your willingness to do the right deed.

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Answered on 7/28/15, 8:32 am


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