I am the seller of a boat. I sold the boat to the buyer for $4500. The seller gave me a $200 deposit. The seller, myself, and a witness signed a very specific contract agreeing on the sale of the boat. He wanted 2months to pay it off, thus I asked him to sign a contract stating that the boat was now his, he was fully responsible for it, condition of boat and gear, price, payment terms, etc.. A month after signing it he wants to back out. The contract clearly states only the seller can approve this. Since then i have tried to work with him to get this done. I have lowered the price 45% and made other concessions, but he keeps pushing for a better deal. I live in RI, Do I have any legal recourse to get this deal done per the contract? Buyer has already taken possesion of boat, stocked it with his stuff, and altered the sale condition of it. I can't afford to winterize the boat, so keeping it is not an option and it is to late in the season to try to resell.
2006-10-18
06:47:32
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3 answers
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asked by
golver1
1
in
Buying & Selling