Most interpersonal trades or sales are final and as-is. Legally, you probably do not need to trade back with him. Practically speaking, if you do not trade back with him, he and his friends and family might cause you trouble for years to come. If he wants to trade back, he also has to give back the $500 and make sure you get a witness to this happening. Also, be sure you are getting your real wheels back and that he did not switch them.
Answered on Jun 11th, 2013 at 3:58 AM