I am in the process of purchasing a (private) second hand car and have paid a deposit to secure this. My friend dropped off the deposit and picked up a receipt for this. On the receipt the seller has added at the end that the deposit is refundable if either party wishes to cease the transaction for any reason. The selller has signed this but I have not.
1) I understand that by him accepting the deposit that this now a binding contract that can not now be broken despite the line he added to the receipt. Is this correct?
2) The seller has not added the agreed purchase price to the receipt. What are my rights if he disputes this?
Thanks
BD
1) I understand that by him accepting the deposit that this now a binding contract that can not now be broken despite the line he added to the receipt. Is this correct?
2) The seller has not added the agreed purchase price to the receipt. What are my rights if he disputes this?
Thanks
BD