If I am a seller and sold a car on-line however I do not like the price negotiated, can I void the contract?

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If I am a seller and sold a car on-line however I do not like the price negotiated, can I void the contract?

Can I give back the deposit; I signed the buyers bill of sale

Asked on October 4, 2011 under Business Law, Arizona

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 10 years ago | Contributor

If you have already agreed to the transaction, no, yoiu can't void the contract; not liking the price is not a ground to rescind or void a contract. Signing the bill of sale and accepting the deposit are both very strong evidence that you have agreed to the transaction, which means there is an enforceable agreement or contract.

If the buyer somehow misrepresented to you, or defrauded you, that would be different--if, for example, you gave him a price break because he claimed to be a disabled vet with 6 kids and no job and you later discoverd that was not true; or if his check for the deposit bounces--that would give you grounds to void the transaction. But the buyer has played it straight with you, you have to go through with the sale once it's been agreed to, and from what you have written, it sounds as if you have agreed to it.


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