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Updated almost 11 years ago on . Most recent reply

Account Closed
  • Long Beach, CA
5
Votes |
134
Posts

Contract Consideration (aka deposit)

Account Closed
  • Long Beach, CA
Posted

What are some creative ways to make a legally binding contract without putting down a sizable deposit?

For example, consideration doesn't have to be money, what else could it be in a wholesale deal?

Frustrated because I negotiated a deal with the seller and we agreed to a price but then I wrote $10 deposit and sent the contract. Now she says she wants 20% at least. If I wouldn't have made light of it I don't think she would say anything.

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