Q: I was selling my jet ski for $5000. My friend wanted to buy it. It had some problems, so my friend took it to the sho
He actually paid for half of the bill, and was fine with that, but when he found out I sold it back to the guy for the $1040, he wants his money back. He had already bought another jet ski. Would it matter if I didn't sell it for a week? A month? A year? What is the difference?
A:
I think part of your question got clipped. If I understand correctly, you had a contract for the sale of goods, a jet ski, with your friend. By selling it to someone else, you broke that contract. It seems reasonable to me that he wants his money back, or he could sue you for the value of the jet ski you didn't deliver.
A week, a month, or a year doesn't change the legal dynamic until you reach the statute of limitations, which is, generally, two years for an oral contract, three years for fraud, and four years for a written contract.
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