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Tina
Tina, Lawyer
Category: Legal
Satisfied Customers: 8775
Experience:  JD, BBA Over 25 years legal and business experience.
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I HAVE A CONTRACT QUESTION PURCHASE AND SALE AGREEMENT FOR A

Customer Question

I HAVE A CONTRACT QUESTION
PURCHASE AND SALE AGREEMENT FOR A BROKERAGE VESSEL
7-19-16 THE BUYER AND I SIGNED THE ACCEPTANCE LETTER
8-4-16 ACCEPT/REJECT
8-16-16 CLOSING DATE
EXTENSION WAS NEEDED
8-5-16 SIGNED
8-12-16 SEA TRAIL N HULL INSPECTION
8-18-16 ACCEPT/REJECT
8-30-16 CLOSING DATE
THE BUYER REJECTED THE VESSEL ON 9-3-16 THE BROKER WAS SUPPOSE TO GIVE ME A PRICE FOR REPAIRS BUT HE NEVER SHOWED UP TELL SEPT AND NEVER GAVE ME A WRITTEN QUOTE. THEY GAVE THE BUYER BACK HIS DOWNPAYMENT WHEN HE REJECTED THE VESSEL. I THINK HE AND HIS BROKER DID NOT HONOR THE CONTRACT. I WAS TOLD I SHOULD HAVE RECEIVED THE DOWNPAYMENT.
Submitted: 30 days ago.
Category: Legal
Expert:  P. Simmons replied 30 days ago.

Hi, My name is***** am an attorney with over 16 years experience. Hopefully I can help you with your legal question.

Expert:  P. Simmons replied 30 days ago.

I am sorry for this dilemma. But not sure I understand your specific question. Do you have a question regarding this?

Customer: replied 30 days ago.
the buyer was suppose to accept /reject the vessel on 8-18-16. he rejected the vessel on 9-3-16. the closing date of the sale was 8-30-16. the deposit was giving back to the buyer. should I have received the deposit?
Expert:  P. Simmons replied 30 days ago.

That depends...what, if anything, does your contract say about this?

Customer: replied 30 days ago.
do you understand my question?
Expert:  P. Simmons replied 30 days ago.

I do...and I am asking if your sales agreement addressed this...did it?

Customer: replied 30 days ago.
I don't think you know what an acceptance letter is so I guess we cant work this out
Expert:  P. Simmons replied 30 days ago.

I do know what the acceptance letter is...that forms the basis of the contract...which is why I am asking these questions...if your goal is to sue for breach of contract, you have to first look at what, if anything, the contract says...

Customer: replied 30 days ago.
I going to have to go to a lawyer that knows what the contract means thanks
Expert:  P. Simmons replied 30 days ago.

I wish you the very best

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