My question involves a consumer law issue in the State of: Texas
I put a $500 cash deposit on a boat from a private party at his place of work on a Wednesday. I asked if he could hold the boat till Saturday to obtain financing. If I didn't have the boat financed, I would just pay cash from my savings. He said yes.
I signed a bill of sale from an employee of the owner of a business. The bill of sale had the employees name of XYZ LLC on the form. It also said the boat was being sold "as is" with no warranties. I was fine with that. It showed the boat as a 1997 model for $9,200 and it also said non refundable deposit of $500 to hold it. (no date as to how long).
Ok, the next day (thursday) I called to let the guy know that my primary bank will not finance a boat older than 2003 but I will obtain financing at a different bank and call the next day. On Friday I called to schedule a time to get the boat and the employee of the owner said the boat was sold to someone else and they were keeping my $500.
What are my remedies and does the Deceptive Trade Practices Act apply here?
Please help...thank you.