L
Lisa Baron
Guest
California - I own a business. I had a buyer for a machine owned by another business owner. I gave him a check for $13,000 and took the machine to the third party. I planned to sell it for slightly more for my profit. The owner of the machine signed a short contract I made up that said if I didn't sell the machine to the third party on that day I would return his machine immediately and he would return my check.
I didn't sell the machine and tried to call him at several different numbers. I found out he had deposited my check immediately. It bounced, since I hadn't made the sale that was to cover the check.
Since he was not taking my phone calls, I mailed him a certified letter telling him I had not sold his machine and I had been trying to return it to him and that he had no right to try to collect on my check. He faxed me a letter demanding that I make the check good because he considered the machine sold to me. I was able to catch him by phone a week later. He is completely ignoring our signed contract and saying he is going to have me arrested, sue me and put a lien on me for writing him a fraud check if I didn't make it good.
If he reported me to the Bad Check authorities (or whoever)would I be able to explain before they take action? Can I just send him a notice saying he's got a certain amount of time to take back his property? How long do I have to keep his equipment before it can be considered abandoned?
I didn't sell the machine and tried to call him at several different numbers. I found out he had deposited my check immediately. It bounced, since I hadn't made the sale that was to cover the check.
Since he was not taking my phone calls, I mailed him a certified letter telling him I had not sold his machine and I had been trying to return it to him and that he had no right to try to collect on my check. He faxed me a letter demanding that I make the check good because he considered the machine sold to me. I was able to catch him by phone a week later. He is completely ignoring our signed contract and saying he is going to have me arrested, sue me and put a lien on me for writing him a fraud check if I didn't make it good.
If he reported me to the Bad Check authorities (or whoever)would I be able to explain before they take action? Can I just send him a notice saying he's got a certain amount of time to take back his property? How long do I have to keep his equipment before it can be considered abandoned?