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Selling laptop on yahoo |
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Ask a Lawyer QuestionCountry: SingaporeState: All States/Provinces I'm selling off a laptop off a local yahoo auction site and have attracted a bidder who wishes to pay the item by installment since the item does not come cheap. However his one time down payment is a rather small amount, 25% of the auctioned price and the remaining of which he will pay every week which will be fully paid and settled by the end of 1 month. He has said he would verify that he is a local student with his local ID card but how to I bound him so that I can get assurances in the case that he defaults on his payment or worse still, backs out on paying me? Would a simple note written by him saying that he will pay up over a month signed by him do? AnswerDon't do it unless you want to sue in small claims for any default.How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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