Midwest Lady
Junior Member
What is the name of your state (only U.S. law)? MN
We sold a trailer and the buyer put down $500, they said they would have the remainder of the cash and be back in 4wks to pick it up. At the end of 4wks (no call from them) we called them and said it would be another month to come up with the cash. At the end of that 4 wks (no call from them) we called them and they said that they didn't have the money and to try and resell the trailer. Now they are demanding their down payment back. We sat on that trailer for 2 months and missed out on potential buyers. We eventually ended up selling it after advertising it again and getting less than we needed out of it. Do they have the right to demand thier down payment back?
We sold a trailer and the buyer put down $500, they said they would have the remainder of the cash and be back in 4wks to pick it up. At the end of 4wks (no call from them) we called them and said it would be another month to come up with the cash. At the end of that 4 wks (no call from them) we called them and they said that they didn't have the money and to try and resell the trailer. Now they are demanding their down payment back. We sat on that trailer for 2 months and missed out on potential buyers. We eventually ended up selling it after advertising it again and getting less than we needed out of it. Do they have the right to demand thier down payment back?