Hi
Made a $10k deposit on a car on Saturday but due to change of circumstance, cannot proceed to buy the car.
Let the seller (a second hand car dealer in Chai Wan) know on Monday but he refuses to pay back deposit.
The contract I have signed with him at the time of the deposit does not specify that this was a non-refundable deposit, nor does it specify a time period by which the sale must be concluded.
I have suggested to seek some agreement but he flatly refuses and now mention that the sale has to be completed in 21 days otherwise void.
I am going to go to the small claim court to contest this on the basis of lack of written contract. Any views whether this would stand and I could get part of the deposit back or the deposit is probably lost?
Thanks