H HighFlier Registered User Messages 546 24 Jul 2007 #1 Does anyone know the legal situation where someone has signed a contract and paid a 10% deposit and then fails to go ahead. I know he would forfeit the deposit but could the vendor take extra action against him to force him to complete the purchase?
Does anyone know the legal situation where someone has signed a contract and paid a 10% deposit and then fails to go ahead. I know he would forfeit the deposit but could the vendor take extra action against him to force him to complete the purchase?
C ClubMan Registered User Messages 52,456 24 Jul 2007 #2 Re: Contract Signed Dont want to go ahead It may be possible for the vendor to insist that the buyer go through with the purchase. He should ask his solicitor.
Re: Contract Signed Dont want to go ahead It may be possible for the vendor to insist that the buyer go through with the purchase. He should ask his solicitor.
P pinkyBear Registered User Messages 1,065 24 Jul 2007 #3 Re: Contract Signed Dont want to go ahead When the contracts are signed, the purchaser has 28 days from the date of signing to complete the sale. The vendor after that can force the sale..
Re: Contract Signed Dont want to go ahead When the contracts are signed, the purchaser has 28 days from the date of signing to complete the sale. The vendor after that can force the sale..