Legal Question in Civil Litigation in New Jersey

Sale agreement default

I have a written and signed agreement of sale for a piece of equipment. The debtor agreed to pay me in 18 monthly installments. She has defaulted on our agreement and has also sold the equipment to a third party. Can I re-possess the equipment from the third party, or must I file a civil suit against the debtor for the balance owed me? Or, are there any other options available to me?


Asked on 2/23/09, 10:56 am

1 Answer from Attorneys
Mark Strauss Law Offices Of Mark R. Strauss, Esq.

Re: Sale agreement default

It depends on the agreement. If there is no clause for repossession, you will have to file a lawsuit. I hope that helps. If you have any questions, please call.

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Answered on 2/23/09, 11:09 am


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