Can the car purchase deposit be refunded? How to get it refunded?
1 Answers
Deposit cannot be refunded, this situation belongs to performance deposit. If the performance cannot be fulfilled, the deposit cannot be recovered, and if the performance cannot be fulfilled, the deposit needs to be doubled and returned. The following is more relevant introduction: According to the "Contract Law of the People's Republic of China" stipulates: Article 116, if the parties agree on both liquidated damages and deposit, when one party breaches the contract, the other party may choose to apply the liquidated damages or the deposit clause. Article 117, if the contract cannot be performed due to force majeure, the liability shall be partially or wholly exempted according to the impact of the force majeure, unless otherwise stipulated by law. If force majeure occurs after one party delays performance, the liability cannot be exempted. The force majeure referred to in this Law means objective circumstances that cannot be foreseen, avoided, or overcome.