Legal implications of a defaulted builder project
I made an investment in a defaulted builder project. I paid over 50% of the purchase price. I have no agreement signed as the intention has been that of an investment and a quick sale before possession. Can you please explain the legal implications of this default for ones who do not yet have agreements signed with the company - the only documentation available between the buyer and the seller is an allotment letter and the money receipts. Any other legal options available to me?
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