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Short version. A "buyer" sends a deposit ($1500 on a $30000 deal) on an airplane, agrees on the price, agrees to pay 1/2 of annual and some other items. The agreement is verbal. The day the annual is completed the buyer advises that he has decided not to buy the plane. The decision not to buy...

A friend just received a letter from the FAA that he was being violated for not logging his gps updates. He has been told that VFR gps's do not have to be updated, but if they are updated, you must log it. If not updated, it must have a placard. The FAA quotes 43.9 (I believe that is the correct...