This is in NJ.
I went to car dealer, found a used car that I liked, negotiated a price, signed a contract, and left a deposit.
I went back to the car dealer the next day to take delivery of the car. The dealer presented me with an arbitration agreement. I refused to sign the agreement. The dealer refused to sell me the car. The dealer said that they would cancel the deal and refund my deposit.
At the point where I sign a contract and the dealer accepts my deposit, are they obligated to complete the sale? Would I have a leg to stand on if I called them on Monday and insisted that they complete the transaction? Would I have a valid reason to pursue the dealership for damages if they did not complete the transaction?
I went to car dealer, found a used car that I liked, negotiated a price, signed a contract, and left a deposit.
I went back to the car dealer the next day to take delivery of the car. The dealer presented me with an arbitration agreement. I refused to sign the agreement. The dealer refused to sell me the car. The dealer said that they would cancel the deal and refund my deposit.
At the point where I sign a contract and the dealer accepts my deposit, are they obligated to complete the sale? Would I have a leg to stand on if I called them on Monday and insisted that they complete the transaction? Would I have a valid reason to pursue the dealership for damages if they did not complete the transaction?