Talk of The Villages Florida - View Single Post - progress payments/down payments
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Old 02-29-2012, 06:46 PM
ljones190 ljones190 is offline
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Default progress payments/down payments

We are picking a Banquet Hall for our daughter's wedding and we are also buying office furniture and a pull down Murphy type bed. These are big expenses and the office furniture store wants 50% down payment and the Banquet requires 1,500 down payment and multiple payments due with final payment 5 days before the Wedding day. How can I protect myself from either of these companies if they go out of business and losing all of our monies. We are dealing with established companies but they sometimes go out of business. Can I demand a performance bond from either, assume they would refuse.

Thanks for any help.
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