Legal Question in Real Estate Law in New Jersey

Hello. About two years ago my friend and i found a free bike on the side of the road. We went up to the door to make sure we could have it. The previous owner said we could take it for no charge. WE brought it back to my house to fix it up using only my tools. My friend and i are no longer friends. The bike has been sitting in my garage for 2 years now. Now my friend says he wants it back. Is it legally mine?


Asked on 8/16/10, 2:12 pm

1 Answer from Attorneys
Robert Gleaner Robert A. Gleaner, P.C.

Seems to me that it belongs to both of you. The two of you need to figure out its value and whatever that is, the one who keeps it could pay to the other one-half of the value. If you cannot agree on a value, take it to a bicycle store and ask them what they would pay for the bike. Then you will have the value.

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Answered on 8/21/10, 2:18 pm


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