Hi,
I'm located in QLD and have been in the process of selling my car privately and have found a buyer, who has put down a deposit of $100 and we have written a receipt stating the agreed price of the car ($22k), deposit taken, date and our names/signatures.
Unforeseen circumstances have a risen and I'm no longer in the position to be purchasing a new car so I've contacted the buyer and let her know the car is no longer for sale and I'm happy to return her deposit. Buyer is not happy (understandably) and is threatening legal action saying that the "contract" has been signed and I need to hand the car over.
Would anyone know of my rights as a seller and what "legal action" can be taken from the buyer even though I'm not withholding her deposit?
I'm located in QLD and have been in the process of selling my car privately and have found a buyer, who has put down a deposit of $100 and we have written a receipt stating the agreed price of the car ($22k), deposit taken, date and our names/signatures.
Unforeseen circumstances have a risen and I'm no longer in the position to be purchasing a new car so I've contacted the buyer and let her know the car is no longer for sale and I'm happy to return her deposit. Buyer is not happy (understandably) and is threatening legal action saying that the "contract" has been signed and I need to hand the car over.
Would anyone know of my rights as a seller and what "legal action" can be taken from the buyer even though I'm not withholding her deposit?
