Legal Question in Credit and Debt Law in California

Failure To Pay

I sold a co-worker a truck back in July 2003. She was to make payments to me of 200 per month. So far she has only paid 600.00. I signed the pick slip over to her but I have a signed agreement from her that she would make these payments. Can I reposess the truck? Can I add interest and late fees to the balance?


Asked on 3/16/04, 11:33 am

1 Answer from Attorneys
Sheldon G. Bardach Law Offices of Sheldon G. Bardach

Re: Failure To Pay

If you had taken a security interest in the truck, you could repossess the truck. It appears, however, that you did not. As a result, you will have to get a judgment against her on your contract, and maybe execute against the truck.

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Answered on 3/17/04, 12:13 pm


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