Legal Question in Banking Law in Georgia
I bought a vehicle I didn't know was really collaterol on a bank loan and the borrower defaulted on loan. I have a motorized bill of sale. What are my rights?
Asked on 11/18/14, 3:05 pm
2 Answers from Attorneys
Scott Riddle
Law Office of Scott B. Riddle, LLC
You have the right to sue the seller for the purchase price. However, it is a lesson (maybe n expensive one) in making sure you get the title when purchasing a vehicle.
Answered on 11/18/14, 5:40 pm
Glen Ashman
Ashman Law Office also dba Glen Ashman Attorney
You can sue the seller, who may or may not have any money since they deliberately cheated you. And you can learn from making a mistake - a bill of sale doesn't matter. You need a signed title, and you never buy a car without that.
Answered on 11/18/14, 6:44 pm
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