Selling laptop on yahoo
Ask a Lawyerwhat's this?
State: 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.
These questions and answers are provided by WORLDLawDirect.com. ©2000 - 2007 by WORLDLawDirect.com, Inc.