My guess, regardless of the legalities involved, is that you're going to have a hard time getting the money from him. He dumped the tractor on you, so the odds that his checks will go through are pretty slim. You probably could win a judgment against him in small-claims court, but small-claims victories are often impossible to collect. And getting a lawyer involved to help garnish his wages, etc., could cost more than the tractor is worth.
FWIW, I had a similar situation way back in the late 1960s. I accepted a check for a '58 Chevy on a Friday evening, the buyer blew up the 283 over the weekend and stopped payment. After lots of wrangling, he ended up dumping the car in the driveway. Ironically, I decided to keep the car and still have it in my shed. Even with no engine, it's now worth a ton more than I had sold it for.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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