Someone is extremely mad

[njsteve]

The lesson is this: whenever you think you have a deal make darn sure you leave a deposit with the seller, no matter what the person says about holding it for you. Just tell them that you feel better about it and that they can do whatever they like with the deposit, hold it, cash it, deposit it, whatever, but at least you have more than someone's word they'll hold it for you.

To most laymen out there, they consider themselves contractually obligated to sell the car to someone if they have $$$ in hand, anything else and they feel they can change their mind.

Sadly, these days, a person's word is worth as much as the paper it's written on. With very few exceptions, the days of a handshake deal are long gone.

[427TJ]

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Sadly, these days, a person's word is worth as much as the paper it's written on. With very few exceptions, the days of a handshake deal are long gone.

[/ QUOTE ]

If they ever really existed. You may have made handshake deals Steve, as others no doubt have, but ask any serious businessman and he'll tell you his first rule is "trust no one." Money talks and bull$hit walks. If you want to score a "yard find" '66 427 Corvette you'd better step-up fast with real cash in your hand. Otherwise a faster, more serious shark with cash in-hand (in his bloody teeth!) is gonna' make the deal. Handshake deals are okay but with strangers I'll bet you moved quickly so as to make sure the other guy honored his end of the handshake.