What is the name of your state? Arizona
Sold a street motorcycle (hwich is my care) on 6/10/05 the person gave me a $500 down payment with a balance $1000 I gave him a "Bill of Sale" with all info on bike and "Sales Recept" showing cost of bike and down payment with balance were we both signed both papers. Are these binding contracts? He called yesterday and told me he wanted his money back or he was taking me to court. I asked for a release letter from him stating he didn't want the bike and that I could resale it. His words "No". I told him that I could not give his money back until I sold the bike and I would not try to sell until gave me a release that he didn't want it. He just said "He'll see me in court".
What to do??? Can I just sell the bike with-out a release? Do I have to give back his money after he changed his mind? What to do???
Thank you for your time and any light on this!
Sold a street motorcycle (hwich is my care) on 6/10/05 the person gave me a $500 down payment with a balance $1000 I gave him a "Bill of Sale" with all info on bike and "Sales Recept" showing cost of bike and down payment with balance were we both signed both papers. Are these binding contracts? He called yesterday and told me he wanted his money back or he was taking me to court. I asked for a release letter from him stating he didn't want the bike and that I could resale it. His words "No". I told him that I could not give his money back until I sold the bike and I would not try to sell until gave me a release that he didn't want it. He just said "He'll see me in court".
What to do??? Can I just sell the bike with-out a release? Do I have to give back his money after he changed his mind? What to do???
Thank you for your time and any light on this!