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Initial deposit for investment in business

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Paxy

New member
Hello eveyone,
I was willing to buy 10% share of some pvt school and even paid the initial deposit through cheque payment without any written agreement/contract. But now I do not want to continue with the investment in school. Can i get my money back already deposit? Is there any law that states that if the agreement/contract is not signed in 6 months of the initial deposit then the seller has to return the money.
 


adjusterjack

Senior Member
"Cheque" indicates that you are likely not in the US. We deal with US law here.

No matter where you are on this planet, you were foolish to hand over your money without a written contract.

Consult a lawyer.
 

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