Deposit and bond

Posted in: , on 6. Apr. 2008 - 06:38

Hi ALL.

I have a question and do hope you guys and gals are able to help me.

Cement seller is asking for a 30% deposit from buyer is that right?

Buyer is asking seller to put a 10% bond without having to deposit.

So in this case what is the actual thing to do between the 2 party.

Thanks ALL for helping me with my questions.

Re: Deposit And Bond

Posted on 15. Apr. 2008 - 07:46

If the seller is Factory , it's right ! This 30% must be 30% of total bill !

It's mean as Prepayment ! All reals sellers ( Factories ) will ask !

If the seller is one agent or broker , leave !!!! Ask him to visit Factory and to sign only with producer . He will disappear !! :-)