Legal Question in Investment Law in California

If I bought a jeep and with my friend helping me do repairs and he paid for some parts,I payed most of all parts and registration and I was planing to try and sell it with only if there was a profit to make and. I have"nt been able to sell if for less then the money invested on jeep.We never had a agreement that I wouldn't him for any parts and for his labor. Without a verbal or written agreement can he sue me for parts and labor or put a lien on the Jeep ?. I also bought a truck which he has not paid for anything and vested very little time. I went to meet him at his home to pick up the truck because are relationship had ended and had taken several parts off truck, had to tow it home. The truck is now worth less then half the money that I have invested into it. Both autos were bought from a local auction,he refused to give me all the paperwork that I need to resell it. . Can the local police dept force him to return all paperwork, and could I deduct the money that I will loose from the truck sale from the amount I could own him if this went to the courts system ?. I thank you for your time and comments. I live in Moorpark, California


Asked on 12/11/12, 10:58 pm

1 Answer from Attorneys
Charles Perry Law Offices of Charles R. Perry

Your question is a bit conrfusing to me, but I will answer it as best I can.

If the jeep belongs to you, and the parts and labor were never intended to be a gift, then you owe him for the cost of the parts and his labor.

The police department will not force your friend to give you the paperwork.

If there was no partnership to divide the profits and losses from the sale of the jeep, then you cannot deduct your losses on the jeep from the amount you owe your friend.

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Answered on 12/12/12, 1:16 am


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