Legal Question in Consumer Law in Utah

Theft

If party one gives party two a company vehicle that is under a closed lease. Party one delivers the keys, cars and contracts to party two to have them paid by party two. Party two makes the payments as required. Party one decides to terminate the leases with the lease company. Party one requests the vehicle be voluntarily repossessed. Party two holds the vehicle because payment was made and accepted by lease company. Lease company demands party two surrender the vehicle or theft charges will be filed. My question is; would there be grounds for theft charges, brought either by party one or the lease company, if party two held the car instead of promtply returning it?


Asked on 8/03/07, 4:19 pm

1 Answer from Attorneys
Alvin Lundgren Alvin R. Lundgren, L.C.

Re: Theft

Party 2 does not have any agreement with the lease company, who is the owner of the vehicle, therefore must surrender it. Party 2 can sue party 1 for breach of whatever agreement they had.

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Answered on 8/04/07, 10:55 am


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