Join Date: Jan 2006
Thanked 0 Times in 0 Posts
Rep Power: 0
contract question on a private sale
Hi, everyone -
My wife and I are in the midst of buying a boat from a private party in British Coumbia, and the final stages are getting a little... well, interesting. We signed a contract and handed over a 10% deposit, pending acceptable survey. There was a clear contract closing date - one month after the signing. Well, since it took a while to get the surveys, and then the surveys found some rigging work that needed doing, the month has come and gone. The work has been done, but there is some question whether *all* of it has. So, the owner thinks that because the contract closing date has expired, we are in breach of contract and the deposit is forfeit no matter what. We would prefer to think that if the work was not done completely, then the owner is in breach of contract and the deposit should be returned. Surely there is a conventional way of dealing with such events - late work that goes beyond the original contract must happen all the time. Does anyone have any relevant experience or advice for us?