Can a person surrender a car to the bank in Arizona without the bank collecting the difference after they sell it?
NO. Think about it, IF this was true,EVERYONE would buy cars in AZ and nowhere else, just to get around paying the balance due. The UCC is standard across the country concerning contracts and default on contracts. Good Try, no candy for you.
to the best of my knowledge you can. AZ is a non recourse state. If they have the collateral, that's the best they're going to get. They can try and get you to pay but they can't make you legally....
Surrender Bill of Lading is where the Master BL or House BL is endorsed and returned to the Liner or Freight Forwarding (As the case may be). The carrier/FF send telex message to its agent at the destination to release the cargo without actual presentation of the Original Bill of Lading. Under Express Bill Of Lading release the cargo without actual presentation of the Original. As the Original Bill of lading is surrendered at the…
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Because of financial problem I want to surrender my policy without losing my money as soon as possible give me correct answer I am waiting your reply?
They gave them a chance to surrender without anymore harm.. Or they would drop a nuke on Hiroshima. Japan did not surrender, so the USA. dropped the "Little Boy" on Hiroshima. The USA. gave Japan another chance to surrender, but they did not. So they dropped the "Fat Man" on Nagasaki. After that, Japan surrendered