Legal Question in Business Law in Florida

auto dealer laws

We are a small independent car dealership who wholesaled a car to another independent dealer.He, in turn, sold the car to a retail customer and collected the funds($60,000 +). When the title came in to us and we went to collect payment he informed us that he had spent the money on his business and was filing for bankruptsy.We still have the title,because he never paid for the car.Do we have the legal right to take possession of the car?


Asked on 11/14/07, 12:08 pm

1 Answer from Attorneys

Scott R. Jay Law Offices of Scott R. Jay

Re: auto dealer laws

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.

This is not the place to get an answer to a complex business transaction or specialized laws. I suggest you consult with your corporate attorney or an attorney who specializes in car dealers and the laws which govern them.

Scott R. Jay, Esq.

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Answered on 11/16/07, 12:10 am


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