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  1. J

    Selling a car - what to do if someone puts a deposit and backs out?

    "They gave me a $250 deposit to hold the car until monday morning. " That's the answer right there. You held it till Monday morning, you fulfilled what you agree to do. The $250 in full is yours, as they did not fulfill what they needed to do. A Holding deposit is not a Refundable deposit...