Q: Can I collect on a verbal agreement.
I sold a vehicle to a co-worker/friend for $1000 (below book value) with a verbal agreement that he would make payments every week until it was paid off. He assured me he wanted to pay it off quickly and made a $150 payment the first week after transferred the title to him (as if it were a gift.) Knowing that he was strapped for cash, I told him the payments did not have to be that big each week. Big mistake on my part because after disagreements on the frequency in which he was making payments (I have received less than $400 in approximately 3 months, often waiting 3 weeks for any kind of payment) he has stopped making payments and says he will not make anymore because I don't have anything in writing and is looking for work elsewhere to distance himself from me. Do I have any recourse to recover my money?
A: You can sue on an oral agreement especially if you both acted in accordance with it. Sue him in small claims for where you both made the agreement or where he lives (each DJ has a certain territory they cover or "jurisdiction" so you need to ask to be sure).
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