My friend signed a car purchase contract with the car dealer because he wanted to buy a car by mortgage, but the loan amount approved was tens of thousands less than the loan amount in the contract.
1. You have formed a sales contract relationship with the merchant, which is protected by law. 2. According to the principle of good faith stipulated in the contract law, the merchant shall deliver the agreed vehicle on time according to the contract. The current merchant's failure to deliver the agreed vehicle constitutes a breach of contract. According to the contract law, the contract can be terminated because the other party fails to achieve the purpose of the contract. So you can ask the merchant to cancel the contract. 4. According to Article 1 15 of the Contract Law, the parties may pay the deposit to the other party as a guarantee for the creditor's rights in accordance with the Guarantee Law of People's Republic of China (PRC). After the debtor performs the debt, the deposit shall be used as the price or recovered. If the party paying the deposit fails to perform the agreed debt, it has no right to demand the return of the deposit; If the party receiving the deposit fails to perform the agreed debt, it shall return the deposit twice. So you signed a car purchase contract with the merchant and paid a deposit. The seller can't pick up the car as agreed now, so you can ask for double the deposit. 1. You have formed a sales contract relationship with the merchant, which is protected by law. 2. According to the principle of good faith stipulated in the contract law, the merchant shall deliver the agreed vehicle on time according to the contract. The current merchant's failure to deliver the agreed vehicle constitutes a breach of contract. According to the contract law, the contract can be terminated because the other party fails to achieve the purpose of the contract. So you can ask the merchant to cancel the contract. 4. According to Article 1 15 of the Contract Law, the parties may pay the deposit to the other party as a guarantee for the creditor's rights in accordance with the Guarantee Law of People's Republic of China (PRC). After the debtor performs the debt, the deposit shall be used as the price or recovered. If the party paying the deposit fails to perform the agreed debt, it has no right to demand the return of the deposit; If the party receiving the deposit fails to perform the agreed debt, it shall return the deposit twice. So you signed a car purchase contract with the merchant and paid a deposit. The seller can't pick up the car as agreed now, so you can ask for double the deposit. 1. You have formed a sales contract relationship with the merchant, which is protected by law. 2. According to the principle of good faith stipulated in the contract law, the merchant shall deliver the agreed vehicle on time according to the contract. The current merchant's failure to deliver the agreed vehicle constitutes a breach of contract. According to the contract law, if the other party fails to achieve the purpose of the contract, the contract can be terminated. So you can ask the merchant to cancel the contract. 4. According to Article 1 15 of the Contract Law, the parties may pay the deposit to the other party as a guarantee for the creditor's rights in accordance with the Guarantee Law of People's Republic of China (PRC). After the debtor performs the debt, the deposit shall be used as the price or recovered. If the party paying the deposit fails to perform the agreed debt, it has no right to demand the return of the deposit; If the party receiving the deposit fails to perform the agreed debt, it shall return the deposit twice. So you signed a car purchase contract with the merchant and paid a deposit. The seller can't pick up the car as agreed now, so you can ask for double the deposit. 1. You have formed a sales contract relationship with the merchant, which is protected by law. 2. According to the principle of good faith stipulated in the contract law, the merchant shall deliver the agreed vehicle on time according to the contract. The current merchant's failure to deliver the agreed vehicle constitutes a breach of contract. According to the contract law, if the other party fails to achieve the purpose of the contract, the contract can be terminated. So you can ask the merchant to cancel the contract. 4. According to Article 1 15 of the Contract Law, the parties may pay the deposit to the other party as a guarantee for the creditor's rights in accordance with the Guarantee Law of People's Republic of China (PRC). After the debtor performs the debt, the deposit shall be used as the price or recovered. If the party paying the deposit fails to perform the agreed debt, it has no right to demand the return of the deposit; If the party receiving the deposit fails to perform the agreed debt, it shall return the deposit twice. So you signed a car purchase contract with the merchant and paid a deposit. The seller can't pick up the car as agreed now, so you can ask for double the deposit. 1. You have formed a sales contract relationship with the merchant, which is protected by law. 2. According to the principle of good faith stipulated in the contract law, the merchant shall deliver the agreed vehicle on time according to the contract. The current merchant's failure to deliver the agreed vehicle constitutes a breach of contract. According to the contract law, if the other party fails to achieve the purpose of the contract, the contract can be terminated. So you can ask the merchant to cancel the contract. 4. According to Article 1 15 of the Contract Law, the parties may pay the deposit to the other party as a guarantee for the creditor's rights in accordance with the Guarantee Law of People's Republic of China (PRC). After the debtor performs the debt, the deposit shall be used as the price or recovered. If the party paying the deposit fails to perform the agreed debt, it has no right to demand the return of the deposit; If the party receiving the deposit fails to perform the agreed debt, it shall return the deposit twice. So you signed a car purchase contract with the merchant and paid a deposit. The seller can't pick up the car as agreed now, so you can ask for double the deposit. 1. You have formed a sales contract relationship with the merchant, which is protected by law. 2. According to the principle of good faith stipulated in the contract law, the merchant shall deliver the agreed vehicle on time according to the contract. The current merchant's failure to deliver the agreed vehicle constitutes a breach of contract. According to the contract law, if the other party fails to achieve the purpose of the contract, the contract can be terminated. So you can ask the merchant to cancel the contract. 4. According to Article 1 15 of the Contract Law, the parties may pay the deposit to the other party as a guarantee for the creditor's rights in accordance with the Guarantee Law of People's Republic of China (PRC). After the debtor performs the debt, the deposit shall be used as the price or recovered. If the party paying the deposit fails to perform the agreed debt, it has no right to demand the return of the deposit; If the party receiving the deposit fails to perform the agreed debt, it shall return the deposit twice. So you signed a car purchase contract with the merchant and paid a deposit. The seller can't pick up the car as agreed now, so you can ask for double the deposit. 1. You have formed a sales contract relationship with the merchant, which is protected by law. 2. According to the principle of good faith stipulated in the contract law, the merchant shall deliver the agreed vehicle on time according to the contract. The current merchant's failure to deliver the agreed vehicle constitutes a breach of contract. According to the contract law, if the other party fails to achieve the purpose of the contract, the contract can be terminated. So you can ask the merchant to cancel the contract. 4. According to Article 1 15 of the Contract Law, the parties may pay the deposit to the other party as a guarantee for the creditor's rights in accordance with the Guarantee Law of People's Republic of China (PRC). After the debtor performs the debt, the deposit shall be used as the price or recovered. If the party paying the deposit fails to perform the agreed debt, it has no right to demand the return of the deposit; If the party receiving the deposit fails to perform the agreed debt, it shall return the deposit twice. So you signed a car purchase contract with the merchant and paid a deposit. The seller can't pick up the car as agreed now, so you can ask for double the deposit.