frant said...cisco said...
The conundrum is that I have a $1,000 deposit and a verbal agreement for a sale settlement on 1/4/13 at $16,000.
Which one is the keeper????
where is the conundrum. If you have a $1000 deposit and verbal agreement for settlement then you have a legal and moral responsibility to honor your side of the contract or forever desist from the use of Cisco as a moniker.
Verbal agreements are not worth the paper they are written on.
The agreement was that he would pay a non refundable deposit of $1,000, I would draw up a contract that covered our situations, that he was to print out two copies, sign them and send them to me for signing and I would send him one back so that we each would have an executed contract with which each party could hold the other to specific performance of the contract.
One of the conditions of the contract is that the purchaser would assume payment of the yard fees from 27/01/2013.
To date I have received the $1,000 deposit only. There is no executed contract and I have had to continue paying the yard fees.
Please explain what you feel are my "legal and moral responsibilities" and how that affects my usage of "Cisco" as my moniker??
The way I see it that either party can walk away from the deal and there is nothing legally or morally the other can do about it.
If he walks away I am quite entitled to keep the deposit though I probably wouldn't.
If I decide to walk away, I would refund the deposit though there is nothing legally or morally obliging me to do so.