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I was going to buy a nail salon from a person and gave them $5,000 for a deposit. We went to get the receipt notarized and on it says that the deposit is refundable. There was nothing that said if I changed my mind then it wouldn’t be refundable, but he won’t give me back my deposit. We changed our mind because the landlord of the building only allowed us to sign a one year lease and we didn’t want to invest a lot of money if we were not allowed to sign a longer lease. Do you think I could get my money back if I went to court? How do I sue him? Would it be filing a small claims court? Im not sure if this is considered a breach of contract category. Also, on the notarized receipt, all it stated was that the deposit was for an intent to purchase a nail salon and that it is refundable.
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Not likely. These are all things you should have addressed BEFORE you bought the business. You will spend more than 5k trying to collect it.
Answered on Dec 22nd, 2020 at 11:15 AM