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Can the 5000 deposit for car purchase be refunded?

1 Answers
StAndres
08/29/25 3:01am

Whether it can be refunded depends on the specific situation. Here is a detailed introduction about it: 1. Written contracts and oral contracts have the same legal effect: This is essentially a deposit, which is included in the transaction price when the subject matter is completed. 2. The "Civil Code" does not provide a clearer explanation of advance payments and deposits: The law stipulates that the deposit generally does not exceed 20% of the subject matter. 3. If an irresistible event occurs, this oral car purchase agreement can be revoked: Even a written car purchase contract can be revoked.

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