If I put a deposit on a car and the seller give it to me without signing a contract pending a letter from the bankruptcy court, can they ask for the car back?

Get Legal Help Today

 Secured with SHA-256 Encryption

If I put a deposit on a car and the seller give it to me without signing a contract pending a letter from the bankruptcy court, can they ask for the car back?

And do I owe them any of the deposit?

Asked on April 22, 2013 under Bankruptcy Law, Texas

Answers:

MD, Member, California Bar / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

It depends on if you agreed to a spot delivery. This means you took possession of a car subject to obtaining financing approval. If you don't get approval, then you must give the car back and you get back what you paid in if any. It would be as if the contract/sale never occurred.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

 Secured with SHA-256 Encryption