Okay,

So I had sold my Mercedes to an older guy who wants to hot-rod it. We agree on the price and agree on a small deposit. I type up a receipt stating the deposit is non refundable, and that we will complete the transaction on Saturday (when I get back). He signed, without reading, I signed, and my friend signed as a witness. He has a copy, and I have a copy.

Forward to now.

He has found the previous owner and was talking to him, and I guess the PO told him it was making a weird noise and thought it was the timing chain going bad. In reality, when I bought the car, yes it made a noise, so I had a mechanic buddy check it over real good, and he said the crankcase was bone dry. We added oil and the ticking went away. Ive driven it a thousand miles since with no problems at all.

Now the buyer is backing out because he says I withheld information from him (and also said it wasnt right for me to buy low, sell high). He was also mad that I did not tell him about a bunch of manuals that I was gonna toss in when I delivered it to him.

Now he wants to take me to the magistrate to get his deposit back. I am not worried, because he signed a receipt specifically saying it was non refundable, and I have a witness that signed as well. But... could I force him into buying it? It does say "we will complete the transaction on saturday the 17th of 2007". Not sure if I can do anything with that statement there..

Thoughts? I appreciate it. I am in Texas and this is the last thing I wanted to deal with.