Legal Question in Credit and Debt Law in Missouri

Re: Quit Claim

What you describe sounds like a question of "whose agent was he?" If the salesman worked on behalf of the company, you may have a defense to any suit that they bring, as to breaching a warranty of merchantability or for a particular use. If he worked for you, such as he offers several companies products, and found one that would lease to you, then you may not have a defense to a suit by the lessor. If you are sued, you could bring that salesman in as a Defendant, and allege that he was a an agent of teh lessor and that he defauded you to induce you to enter into an agreement with the lessor. You may have to sue him as a cross claimant. If you hire an attorney, they can help advise you about that, and as to whther your lease agreement waived any warranties, or otherwise reduces your defense options.

As to your real property, the answwer is not as clear. Yes, you can deed the property to your daughter. This might prevent a future judgment creditor from getting your property to Satisfy a judgment. At $8k is seems unlikely that a creditor would go through the trouble of foreclosing to get paid. But, any Circuit Court Judgment would be a lien on the real property in that County. The way some title companies view this situation, it may work state wide. That means that if they take Judmgnet against you, and you later try to sell or mortgage the property, the title company might require the lender to deal with the judgment debt before issuing title insurance coverage.

Have you offered (in writing) to return the machine to the company?

Good Luck