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Yes. My fiancee and I just did that (California). We did not take physical possession of the car, and nor did we take "constructive possession." I.e., taking the keys to the car and leaving the car on the lot.

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โˆ™ 2008-11-28 18:53:27
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Q: Can you rescind an agreement to buy a new car if you have not taken possession of it?
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Related questions

If I haven't signed any financial paperwork besides agreement of price of car but haven taken a used vehicle home am I obligated to buy the vehicle?

You do not have to take possession of the vehicle in Florida. There are 49 other states in the Union.

In what circumstances do I need a buy-sell agreement?

Yes, it would be wise to have a buy-sell agreement. A buy sell agreement is a legal and binding contract between co-owner that determines when and how a co-owner can sell their interest in the business.

where can I buy equipment rental agreement forms ?

where can I purchase equipment rental agreement forms?

If convicted of a possession charge can you still buy a gun?

It depends on whether it was FELONY possession or MISDEMEANOR possession. If FELONY, no, you cannot ever again own or possess a firearm.

What does it mean to have a buy sell agreement?

A Buy-Sell Agreement is also called as Buyout Agreement refers to a binding agreement between co-owners of a business that governs the situation if one of the co-owners die or is forced or chose to leave the business.

Is the word has a noun verb or adjective?

The word 'has' is a verb of possession. For example 'She has three brothers and one sister.' It is also an auxiliary ('helping') verb. For example 'He has taken his savings out of the bank to buy a car.'

If you have financing from your financial institution and go buy a car is there any legal reason for the dealer to rescind your contract?

Have A County Attorney Read Your Contract, And Tell Him The Reason Stated By The Car Dealer. If Its In The Contract The Dealer Signed He Has To Fulfill His Signed Agreement. If He Has Not Entered Into A Contract With You On The Car, Signed By Himself. Then You Will Need To Walk Away. GOOD LUCK

What is real estate murabaha?

'Murabaha' exactly means 'selling on profit'. In this agreement, we help customers buy buildings of their choice. Once you choose the building you wish to buy, a Murabaha agreement is drawn up. According to this agreement, you promise to buy the property from the Bank on a deferred payment basis

Is possession of mushrooms a felony?

the illegal ones, but not the ones you buy at the store

An agreement not to import or use certain goods?

An embargo is an official ban on the import or trade of certain goods. A boycott is a more unofficial agreement not to use or buy certain goods, usually taken on by a certain group that has united under a cause and usually tries to attract supporters to their cause.

Can you buy a handgun with a unlawful possession of a firearm charge?

You need to consult with a lawyer.

How much does a lawyer need to be present during a buy sell agreement?

If you are planning on making a buy sell agreement, a lawyer should be present so that any legal aspects will be covered. The time necessary for him to be present would depend on his familiarity with the agreement beforehand.

What is a Buy Sell Agreement between partners?

A Buy-Sell Agreement is a legally binding document that spells out what will happen to a business when a specific triggering event occurs, such as the death or disability of a business owner or shareholder. Other events typically covered in a Buy-Sell Agreement include the resignation, retirement or termination of a shareholder or owner.

What are two things that are included in buy sell agreement?

i dont know

What are synonyms for acquisition?

purchase, buy, investment, property, gain, asset, prize, possession

Can you buy a gun with a battery conviction?

No, even the possession of a firearm of any kinda is a felony.

When you buy software you buy a contract by which you agree not to make copies?

Yes, it's called an "end user agreement".

Can a 13 year old by a phone?

A 13 year old could buy a phone, but won't be able to sign a service agreement because to do that you have to be 18 years old. However you can buy a phone and not sing the agreement.

Who has the note you signed when you granted a mortgage to buy your home?

The entity that owns your mortgage should also have possession of the note.The entity that owns your mortgage should also have possession of the note.The entity that owns your mortgage should also have possession of the note.The entity that owns your mortgage should also have possession of the note.

Do you assume the debts of the business that you buy?

Unless otherwise stated in the Sales/ Purchase agreement, yes you do. Generally, when you buy a business, you buy the ENTIRE business, debts included.

What is bai al-inah in Islamic banking?

sale and buy back agreement

Where can you buy firworks in Canberra?

You cannot buy fireworks in Canberra, as their possession and sale is illegal. Fireworks can only be purchased in the Northern Territory of Australia on the Queen's birthday.

I am a co-signer with my sister on a joint mortgage for a house in Lake Dallas. Can I sure her to refinance or sell the house?

Because you say it is your sister, I would wager you did not first put your agreement into writing (before co-signing an obligation), which would state the terms under which you could bring actions against each other, substitute parties, buy-out, substitution of lenders, division of risks, profits and duties, etc. You cannot sue in equity to compel a new contract, but you might rescind or modify the prior agreement, or sue for damages caused by her position.

If you sell a business does the business debt transfer?

This depends on the buy/sell agreement. If the agreement establish that the seller takes the liability to pay the debts for the business, then will not be transferred. But in other hand the business is sold with all liabilities (debts), then the buyer that acquire the business will be liable to the debt. Is good to establish the assets and liabilities that will go with the buy/sell agreement.

What legal papers other than the purchase and sale agreement should be signed between 2 or more parties wishing to buy an investment property together?

purchase agreement