Legal Question in Consumer Law in Alabama

repossession car

how long is a contract binding after car is recovered


Asked on 4/12/07, 2:34 pm

1 Answer from Attorneys

Stan Herring M. Stan Herring PC

Re: repossession car

Generally, the terms of the contract will be binding on both parties until both parties have satisfied their obligations under the contract.

For instance, if after the repossession of the vehicle they resell it and the amount they obtain is less than your obligation under the contract, they still have the right to come after you, within the bounds of the law, for the remainder of your obligation.

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Answered on 4/13/07, 11:51 am


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