Legal Question in Business Law in Pennsylvania
I had a verbal agreement to sell a motorcycle for $6000 to a friend. The agreement was the friend was to pay $2000 upon receipt of 2008 income tax return, $2000 upon receipt of 2009 income tax return and $2000 upon receipt of 2010 income tax return. I have, in fact, received payment of $2000 for the 2008 income tax return, but I've only received $1000 for the 2009 income tax return. I have tried to amicably resolve the outstanding $1000 issue with the friend for 2009, but to no avail. Am I able to repossess the motorcycle or am I able to pursue a breach of contract case in small claims court for the balance owed? Thank you.
1 Answer from Attorneys
An oral contract can be valid for the sale of an automobile, but you would have to have some evidence (most likely winesses) to prove your version of the contract. You should not repossess the vehicle without a written agreement.
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