We were buying a boat from a private person, when we gave the first $500.00 the man said if we changed our minds that we could get our money back. We started in the spring the boat was to be $4,500.00 and we have given him $2,000.00 We decided that we wanted to end the deal and he stated that he wanted to keep half of the money since he held on to the boat for us. He is going to give all the money back but $750.00. I agree that he should have some compensation for holding on to the boat for us but $750.00 is alot of money for just keeping the boat. Do we have any legal recourse?
Country relating to Question: United States
State (if USA): Michigan
reasoning with the man, nothing else
Hello and thank you for the question. I am sorry to read of this dilemma. Was there any agreement on price? what is the market rate for holding it privately?
the price agreed to was $4,500.00 but it was said if at any time that we wanted out of the deal he would give us our money back. Today he just said that was in the begining when we gave him the first $500.00.
He has no legal right to unilaterally charge you where you exercise a cancellation policy. Threat of civil action should make him reconsider. He has no right to impose a fee not included in a contract and expressly agreed to.
Licensed attorney helping individuals and businesses
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