J
Judywynn
Guest
I live in Texas. Last September I sold a Thoroughbred Stud to a man for $50,000. He paid me $5,000 at that time and another $5,000 in October. Our agreement was that he pay me $20,000 on March 15, 2001 and $20,000 on May 15, 2001. He has not made any more payments.
We both signed a Purchase Agreement to this effect.
My question is: Can I charge him interest on the money past due and what rate would be acceptable?
Also, if he does not pay anymore what are the legal procedures I should follow to get my horse back?
I would greatly appreciate any help I can get on this matter.
Thank you very much.
kitten
We both signed a Purchase Agreement to this effect.
My question is: Can I charge him interest on the money past due and what rate would be acceptable?
Also, if he does not pay anymore what are the legal procedures I should follow to get my horse back?
I would greatly appreciate any help I can get on this matter.
Thank you very much.
kitten