Legal Question in Credit and Debt Law in Texas

Collecting on sales or equipment

I had an automotive repair shop that closed. I began selling equipment. I had a verbal agreement with a gentleman for the purchase of several pieces of equipment. He came to collect the equipment and paid me half of the agreed amount and said that later we will draw up a slaes agreement. I contacted him immediately and he said he was busy and if we could do it later. I agreed. I did not hear from him for quite a while and finally went to his business. I brought up that he still owed me money and he denied it. My problem is that this was verbal, I have no sales agreement, and I am still out $13,000.00. Do I have any recourse in getting either the money or my equipment back? Yes, I should be prosecuted for being trusting when I should have not let the equipment leave the property without full payment.


Asked on 11/29/05, 12:01 pm

1 Answer from Attorneys
TC Langford Langford Law Office

Re: Collecting on sales or equipment

As you obviously know, the fact that the sale was not in writing is a serious problem. It does not mean however, that you have to walk away from the entire debt. You may have evidence of ownership and the terms of sale in other documents or witnesses. A simple demand letter from an attorney to the man for payment would cost approximately $75.00 in legal fees, and further prosecution would likely be a percentage of the funds collected. TCL

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Answered on 11/29/05, 12:14 pm


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