Legal Question in Real Estate Law in Louisiana
I recently purchased a car under the "cash for clunkers program". All of my information was verified by the dealer and my old car was determined eligible. Now, a month later, I just received a letter saying that the dealership got a rejection from the government because my insurance lapsed for more than 10 days during the last year. The dealership requested that I return the new car and get my old one back (after I have already signed the contract and everything). I understand the rule to have continuous coverage for the last year, but I was unaware of the lapse because my parents pay my insurance. The contract that I signed states that "to my best knowledge.....the information that I presented is true, accurate, etc". Now I need to figure out if I am legally required to return the new car or is this just their mistake for not thoroughly checking my information before qualifying my old vehicle for the "clunkers" program.
1 Answer from Attorneys
Turn the car in and get your old one back. You could be charged with theft. Or, you could call your President and get his help.
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