Selling laptop on yahoo

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Question

Country: Singapore
State: All States/ProvincesI'm selling off a laptop off a local yahoo auction site and have attracted a bidder who wishes to pay the item by installment since the item does not come cheap. However his one time down payment is a rather small amount, 25% of the auctioned price and the remaining of which he will pay every week which will be fully paid and settled by the end of 1 month. He has said he would verify that he is a local student with his local ID card but how to I bound him so that I can get assurances in the case that he defaults on his payment or worse still, backs out on paying me? Would a simple note written by him saying that he will pay up over a month signed by him do?

Answer

Don't do it unless you want to sue in small claims for any default.

单词	selling laptop on yahoo
释义	Selling laptop on yahoo Ask a Lawyer Question Country: Singapore State: All States/ProvincesI'm selling off a laptop off a local yahoo auction site and have attracted a bidder who wishes to pay the item by installment since the item does not come cheap. However his one time down payment is a rather small amount, 25% of the auctioned price and the remaining of which he will pay every week which will be fully paid and settled by the end of 1 month. He has said he would verify that he is a local student with his local ID card but how to I bound him so that I can get assurances in the case that he defaults on his payment or worse still, backs out on paying me? Would a simple note written by him saying that he will pay up over a month signed by him do? Answer Don't do it unless you want to sue in small claims for any default.
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