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![]() "RJSmithers" wrote in message ... Calif Bill wrote: "RJSmithers" wrote in message ... JimH wrote: "Eisboch" wrote in message . .. "Gene Kearns" wrote in message ... On Fri, 30 Mar 2007 03:15:26 -0400, Eisboch penned the following well considered thoughts to the readers of rec.boats: If he's a dealer, which I now suspect, he didn't do anything illegal. There seems to be way more cloak-and dagger stuff going on here for something not to be borderline crooked, if not entirely illegal. Trust me, as a buyer, I got on the wrong end of one of these deals and you don't want to go there..... If he sells the boat (with whatever representations he deems appropriate) and pulls a disappearing act, the two signers of the paperwork are likely left to duke it out..... You and Whomever.... Good point. I am not overly concerned because fundamentally I know the boat and engine are fine. But, your point is well taken. Eisboch Let's say the brokers friend asks if he could use the boat for a day or two and is involved in a fatal accident. Open your wallet because you are legally the owner of that boat. You should give your attorney a call on this. Richard, Whenever non-attorney's give you free advice, realize it is worth exactly what you have paid for it. You would not be responsible for any damages or have any more liability than if someone stole your car and had an accident, even if it was a fatal accident. Not true. Friend in Florida in the 1970's had his car stolen. Georgia police gave chase to the stolen car and riddled it with about 150 bullet holes. Car crashed and took out 150' of highway chain railing. Friends insurance company had to pay for the damage. He owed the car, so is liable for any damage it causes. Said it would have been cheaper for the insurance company to have just given the car to the thief. Locally a few years ago, a person sold a motorcycle and filled out the change of ownership statement that is sent to the state DMV. The DMV misplaced the form. A couple of weeks later, the buyer crashed the bike and killed both himself and a girl on the back. The girls parents were going to get millions from the seller, as they could not prove they sold the bike. Luckily for the seller, someone at the DMV found the form as they were sending a bunch of old stuff to be burned. Bill, While this story has all the ear marks of a great urban legend, I will assume you knew all the information from your friend. If that is true, they obviously have changed the law since the 1970's http://insurance.freeadvice.com/insu...02_170_601.htm When I have sold cars and boats to individuals I have always drawn up contracts of sale and contacted the state and DNR concerning the sale. I was not really worried the liability, but I wanted to make sure I was taken off the tax records and the new party was responsible for the taxes. Since Richard is a smart guy, I would assume he had a contract for the sale signed by all parties. While this is not as easy as filing a record of the sale with the state and/or DNR, it could be used in a court to show proof that you no longer owned the car/boat. Chuck's excellent advice was one of someone who was in the business and is used to covering all aspects of liability. I would make sure I followed his advice on future sales. Here is a great link reviewing the details on how to handle car/boat sales by individuals. http://siy.cars.com/siy/qsg/tipsClose.jsp?aff=pe I would still believe you would get stuck for damages. You own the car, and you are responsible for it. Would be lots of people running away from an accident and claiming the car was stolen, as well as with deep pocket laws, they are going after the money. I was in a company class with the guy with the shot up car. |
#2
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posted to rec.boats
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Calif Bill wrote:
I would still believe you would get stuck for damages. You own the car, and you are responsible for it. Would be lots of people running away from an accident and claiming the car was stolen, as well as with deep pocket laws, they are going after the money. I was in a company class with the guy with the shot up car. Bill, The only way to answer this question to anyone satisfaction is to contract their insurance company. Mine told me that the comprehensive insurance coverage would pay to fix my car, but they would not be responsible for the damage caused to other property caused by the person who stole your car. That would have to be covered by the other people's uninsured motorists and comprehensive coverage. Now if we follow your logic about the responsibility remains with the car, if a criminal steals your car, robs a bank, and then gets away, they could hold you responsible for the money stolen because it was your car that was used in the commission of a crime. |
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