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If you did not have a written contract outlining the sale details,
you do not have to accept the payment, and advise him in writing that you will not be selling the vehicle,
The buyer would have to prove in Court that you had a verbal agreement which specifically states you cannot change the terms,
typically if you did not accept or cash the check, the transaction is not complete,
He is sending the check, fedex. can I just send it back?
With a letter to him expaining that I am not selling the car for that price?
you can send it back, however you should email him now or call him now, stating you are withdrawing your offer,
and will not receive a payment for less than the book value or will decline the sale.
the problem is, the book value. It is a 1969 porsche 911.
You should send a letter now stating you decline the offer, and will not sell the vehicle,
An offer is not a contract,
you can change the terms of an offer at anytime,
I would send an email stating this as soon as possible.
Thank-you ... I hate this stuff ... I just want to get what is right for me ...
I jumped the gun too quickly ...
Yes, and if you did not cash the check, you are fine,
and without any written contract, a lawsuit will be difficult as NY requires under that contracts for goods over $500 be in writing,
So you should be fine,
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