# Do I have to give a deposit back? **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [January 6, 2008, 12:35pm UTC](https://forums.speedlife.net/t/do-i-have-to-give-a-deposit-back/41348 "2008-01-06T12:35:07Z")\ **Posts on this page:** 1\ **Showing post:** 36
**Author:** ![ineedacar](https://avatars.discourse-cdn.com/v4/letter/i/48db29/32.png) [@ineedacar](https://forums.speedlife.net/u/ineedacar)\ **Post date:** [January 6, 2008, 9:58pm UTC](https://forums.speedlife.net/t/do-i-have-to-give-a-deposit-back/41348/36 "2008-01-06T21:58:32Z")
> [@eclipsed](#): > > im glad that you referenced sections of the UCC in your explanation. :bloated: > > first things first, i HIGHLY doubt 500 bucks would ever even be a blip on the radar as far as “fed cases” are concerned. > > second of all, he didn’t commit theft by deception. not even close. > > third, the whole point of a deposit is to prevent a seller from selling out from under the buyer prior to the buyer procuring the remaining funds. therefore, the deposit is only refundable if the seller does not complete his side of the transaction (in this case, provide the car materially as advertised). the buyer has no recourse if he/she does not uphold their side of the transaction. THE NON REFUNDABLE NATURE OF A DEPOSIT IN A PRIVATE PARTY CAR SALE TRANSACTION IS IMPLIED, AND DOES NOT NEED TO BE STATED. this is just simple logic here. > > :lolham: at your outrageous uneducated rant um sorry dude, you’re wrong. if the guy asks for his money back, and this dude says no, it is theft by deception… as where the man that gave the deposit was never informed it was non-refundable, therefore he was deceived in the fact that unless otherwise stated in a contractual agreement that his money was not to be refunded which is the LAW if you want to keep the deposit, he is legally entitled to his money. and because he did use USPS for the monetary transaction, it is a case on the federal level, REGARDLESS of the amount of money. sorry once again. --- _[View the full topic](https://forums.speedlife.net/t/do-i-have-to-give-a-deposit-back/41348)._