Legal Question in Business Law in California

How to protect a seller best interest with personal property sell
Hello,

Please help me. I am in the process of selling my boat. I do not hold title, the bank does. If the buyer wants to give me certified funds to purchase the boat,so I can send to the bank, should I release the boat,before the title is transfered into the buyers name? If the buyer shows proof of insurance coverage, would that be sufficent in protecting my interest? Is there any way, I could be sued if buyer gets into an accident with my boat. I have insurance, but I don't think they would cover buyer or would they have too? your reply would be much appreciated.

Asked on 4/24/01, 8:06 pm

Ken Koury Kenneth P. Koury, Esq.

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Re: How to protect a seller best interest with personal property sell

the bank will transfer the title as soon as you pay off the boat with the sale proceeds. i dont understand what the problem is.

Answered on 8/04/01, 1:49 am

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