"Deposit and Forfeiture Agreement" (Form #12) for a New Car - Is it binding?I pre-ordered a car that was not available at the dealership and signed Form #12, along with a $1000 deposit, intending to purchase new car once it arrived in state. Two months later from signature date, still awaiting the arrival of my new car and working with my bank for pre-approval of new car loan, I noticed that the "Internet Director" who drafted and signed the agreement had placed the deposit amount on to the following statement, "The purchase price shall be $1000.00 plus sales tax, license and transfer fees, and applicable finance charges." Is this agreement binding and will the dealership be obligated to sell me the car for this price? The dealership has not made mention of this error and I intend to bring it to their attention when requesting the purchase price of my new car. Attorney answers (1)Find LLC Lawyers |