beefeater36
Mar 24, 2012, 05:08 PM
I sold a $800,000 yacht on Ebay on a "No Reserve Auction". The winning bidder out of 38 gave a 20% deposit to save the sale. He didn't have the balance of $300,000 timely and wants his deposit back. We had to sell the boat for $26,000 less.
Do I owe him his deposit back?
Do I owe him his deposit back?