Technically yes, he probably did, but you are entitled to your part of the payment.
IF you signed a contract, it wasn't forced on you. If you didn't sign a contract you can return it as you wish.
A finance lease is a form of financing that transfers substantially all the risks and rewards incidental to ownership over a leased asset from the lessor to the lessee. By signing the contract and delivering the leased asset, the lessor transfers economic ownership over the leased asset, while legal ownership is transferred only upon the expiration of lease, on payment of the final instalment. In a finance lease, the lessee uses the leased asset for most of its lifecycle, as with loans.An operating lease is a lease whereby all the risks and rewards incidental to ownership over the leased asset remain with the lessor. In this case, the lessor retains the economic and legal ownership over the leased asset, while the lessee has only right of use. Upon the expiration of contract, the leased asset is returned to the lessor. Under an operating lease, the lessee uses the leased asset for less than its useful life.
Fuel, insurance, maintenance and truck payment.
READ your lease contract. It should specify the results of repossession.
As long as you continue to make the payments, they would have no reason the instigate a repossession. When a vehicle is financed or leased, the creditor has an interest in the vehicle and rights under the contract you signed. If you are in default of the contract either by default in payment or otherwise (failure to insure or other terms) the vehicle can be repossessed.
The contract is an asset of the estate and is going to be subject to the probate procedure.
YES. Read your contract. Does it call for you to maintain ins???
You cannot legally sign any contract unless you are at least 18 years of age.
Yes if equipment is leased on rent then rental payment is expense through income statement of that specific fiscal year.
NO, a lease is simply a contract like a loan. DEFAULT of either calls for repossession.
As with any contract, you have three (3) business days to cancel the agreement.
Highly unlikely they will rescind the contract. All you can do is ask the selling dealer. Legally the answer is no.
terra firma actually both in the sense of solid ground & later the firm or fixed lease payment for it 1334 any tract of leased land whether cultivated or not 1523 any tract of cultivated land whether leased or not
Hopefully, you had the good sense to put a lien on that vehicle. You can have a recovery agent repossess the car.
It is a breach of contract ; your lease agreement should govern the rate of occupancy .
Yes, the estate can be required to return a leased vehicle according to the terms of the lease. If you read the fine print, it's there. Do you think that the vehicle should remain the property of the estate when it was only leased in the first place? That's the idea of a lease, the vehicle belongs to the leasing company and they let you use the vehicle for the terms of the lease. The terms of the lease are defined in the contract. If the estate of the deceased has been sued, I'm sure it is consistent with the terms of the contract.
At leased eight or nine weeks old.
You are covered if you are a licensed driver regardless what they say. A leased vehicle is owned by the leasing agency not by the person who is leasing it. The terms of the contract will designate who may or may not drive the vehicle and nothing else applies.
One could contact CARFAX.
The only way her vehicle can become repossesed is if she missed a payment.
Yes, as the Lessee, you're accountable. Who owns the leased equipment are the Lessor throughout the lease term, consider the Lessee (you) has having the equipment throughout the word from the lease the lease contract passes all obligations of apparatus repair and maintenance for you.
If the loan is in writing as a legal document you can take them to court for breach of contract.