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Imo, you should assume a deposit is non-refundable unless it |
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| Posted by |
Vert93 (MN) on March 06, 2008 at 11:18 AM |
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This message has been viewed 61 times. |
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| In Reply To |
Thoughts on a deposit posted by SC300Z on March 06, 2008 at 09:27 AM |
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is stated otherwise. A deposit is your guarantee that it is sold, & his guarantee that you are not selling it to someone else. You each have made one guarantee here. You guaranteed you wouldn't sell it to someone else, & he guaranteed he was going to finish paying for it. If you broke your guarantee, & sold it to someone else, you should refund the money. If he broke his guarantee, & didn't finish paying for it, you should not refund it. You lived up to your guarantee, & he didn't.
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