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Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 31300
Experience:  Over 5 years in practice
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We paid a bond to the agent acting for the sale of standing

Customer Question

Hello we paid a bond to the agent acting for the sale of standing timber before commencing a contract. Unfortunately we could not fufil the contract and was asked to leave. The Contract stipulated that the seller could sell any timber remaining at a reasonable price and that we would be responsible for any shortfall between our offer ie we offered £18 per ton, offer for remaining timber £14 we would have to pay the difference.
Our queries 1) Should the agent hold the bond or give it to the Seller?
2) Are we entitled to details of the tonnage of timber we were unable to harvest if so who is responsible for supplying these details, the agent or the seller. Thanks
Submitted: 11 months ago.
Category: Law
Expert:  Ash replied 11 months ago.

Hello my name is ***** ***** I will help you with this.

What does the contract say about passing the bond over?

Customer: replied 11 months ago.
hello I m at work, contract at home will try to contact you this afternoon
Expert:  Ash replied 11 months ago.

Sure.