Buyer Request for deposit refund in bulk order, should i refund ? 
May 15 2008, 04:06 PM
QUOTE(hari @ May 15 2008, 03:14 PM)
EXAMPLE
If a buyer buy something at RM500 and pay deposit RM100 for it and than he changed his mind for whatever reason, the seller have to find other buyer. If the seller manage to find another buyer and sell it at RM500, he is making aditional profit of RM100 by not refunding. This is not right - profiting from other misfortune.
In the situation where he only manage to sell at RM450, it is ok to refund only RM50.
There is 2 types of depositIf a buyer buy something at RM500 and pay deposit RM100 for it and than he changed his mind for whatever reason, the seller have to find other buyer. If the seller manage to find another buyer and sell it at RM500, he is making aditional profit of RM100 by not refunding. This is not right - profiting from other misfortune.
In the situation where he only manage to sell at RM450, it is ok to refund only RM50.
Refundable deposit and non-refundable deposit
If the seller have stated non-refundable deposit, then u or any authority don't have the rights to re-claim back the deposit.
It's easy as ABC, why still argue whether it's right or wrong to collect non-refundable deposit??
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