" He should have sent you a signed copy of the purchase contract before you signed it. Without reading the actual contract, it would seem that since you signed it already, he can prevent you from selling the airplane because if you did, he can then sign the contract you returned to him and claim you had already sold the airplane to him."
Or........ He can claim that you defrauded him out of his $1000 deposit from the beginning; because you "had sold the aircraft" to someone else " (or intended to ) .
Not a Good situation. The minute he sent back "his" paperwork to you unsigned --- I would have pulled the plug on this deal.
G'day all
I kind of agree with Frank here....
...the paperwork has been done the wrong way around from what I can see.
That paperwork should have been coming from you, not him, but having come the way it did, he should have sent it signed to you, for you to then sign it, keep the original and send him back a copy for his records - afterall you're the one selling it, not him
Cheers