Legal Question in Civil Rights Law in Oklahoma

Boat Sale

We are having complications with a boat we sold about 9 months ago. We let him take the boat without receiving full payment, and we never did receive the rest of the money, which was only $50. He also has a bill of sale that we issued when the boat was taken. Recently we were contacted that the boat had been impounded and was still in our name. If we did not get te boat there was going to be a lean against our name and the boat would go to them. So we paid $320 to get the boat along with the cost of the tag. Now the guy is saying he is going to try and get the boat back. Where do we stand here?


Asked on 3/23/08, 4:28 pm

1 Answer from Attorneys
Marsha Dixon

Re: Boat Sale

If a balance is owed; the bill of sale is not complete. this is apparent because you never transfer ownership or title. It should be difficult for the new owner if he did not finalize his obiligations under your purchase agreement and particularly if he defaulted on the purchase or sell agreement and this default lead to financial hardships for you as the original owners after he lost possession of the boat. Right now isn't entitled to have the boat back due to his default.

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Answered on 3/24/08, 1:20 pm


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