QUOTE(oec88 @ May 30 2023, 03:37 AM)
Like how? The deal isn’t successful, returning deposit to interested buyer and he/she should not lose anything?
Furthermore and legally I’m the owner of the vehicle.
Let’s debate on this kind of topic.
QUOTE(oec88 @ May 30 2023, 04:15 AM)
Totally understand your point on time and effort.
Let’s say nothing was signed, and everything just communicated through social media platform. Whatever agreed was buyer pay deposit to reserve vehicle, while seller performs loan clearance, inspection and wait for inspection outcome. If the deal is unsuccessful from buyer side, amount from deposit will be deducted for inspection fee and the rest will be returned. Now seller is not able to sell vehicle and willing to return full deposit to buyer.
I appreciate you sharing your thoughts here.
Legally deposits haa to be fully refunded (u can minus any fees occurred) if either side cancel, but commonly lets not be a jerk and waste ppl time so deposit should be no refund if buyer cancel or 200% refund to buyer if seller cancel.
Unless with valid reasons such as fail loan.
U also wouldnt like joy buyer come say pay deposit buy ur car then cancel no?
Anyway as others mentioned, no b&w agreement so buyer cant really do anything to u.
Unless he/she knowa where u stay and decided to paint your house rainbow colour foc
Btw just a word of advice...FB msg can also be considered b&w legally binding (although no mentioned of cancel process) so if buyer decided to waste his time to pursue in court u are probably gonna lose and judge will decide the compensation
This post has been edited by WaCKy-Angel: May 30 2023, 07:24 AM 
May 30 2023, 07:13 AM
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