Legal Question in Civil Rights Law in Arizona
Domestic shared assets
I had a verbal agreement (which CAN be substantiated by a third party) with my ex-partner that I would co-sign for her new vehicle ONLY so that she could drive it off the lot and that another 'friend' of hers who has the means financially, would re-finance it in HIS name and help her with the monthly payments. She didn't honor this agreement. In fact, she has since 'stole' (although she is on the title of this vehicle) in the middle of the night 'our' Ford Explorer, leaving me with the new truck I NEVER wanted nor could afford ($565.00 a month). I then had to trade in the new truck (her signature was not required on the title) for another vehicle which cost me $3k down and a monthly payment of $265.00. I believe the term on the trade is, ''upside down''?
Ideally, we should have sold the Explorer, split the profit (we owned it outright) and I could have purchased a privately owned vehicle outright with my half. If I can secure a notarized letter from the ''friend'' who had agreed to re-finance the truck in his name thereby showing that she and I had an agreement in the first place, can I sue her for the cost of my new car and the monthly payments? She viciously intended to cause undue financial hardship for me.
1 Answer from Attorneys
Re: Domestic shared assets
Verbal agreements not involving real estate are just as legally enforceable as written contracts, just usually more difficult to prove.
If you can prove your agreement, then the offending party may well be liable for all reasonable monetary losses you sustained as a result of her dishonor of your understanding.
Check with a lawyer in your town for specific advice about your rights in this instance. Initial consultations are usually done at no cost.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
