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Purchase Agreement question
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Jay NE Ohio
Posted 10/14/2024 07:13 (#10925897 - in reply to #10925829)
Subject: RE: Purchase Agreement question



northeastern Ohio
As others have mentioned, you have almost everything to make it bullet proof. A down payment of even $1 would be considered binding.

Of course he could still fail to complete the transaction, but you could take him to court and win a judgement against him pretty easy. Collection of the judgement then becomes the difficult part if he were to declare bankruptcy or not have the assets to cover the judgement.
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