I bought a plot of land in January 2013. The seller agreed to clear the land and show us its boundaries within two months, after which I was to pay him the final amount. We asked him to return the signed agreement and collect his payment on the 10th of January, but he claimed he couldn’t find it and requested a bank transfer. We refused to pay without the agreement. On the 19th, he promised to bring it. However, he only returned with the agreement when we showed him the money, grabbed it, and ran away. Now, he’s claiming we never paid him and is demanding the full amount plus a 24% interest for the past three years.
Best Answer
Based on your description, you have a valid defense against the seller’s claim. You refused to pay without the agreement and he took it from you without completing his obligations. Additionally, the seller’s claim for 24% interest is likely excessive and would need to be substantiated.
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