Vehicle Titles

If the title has two names but is not separated by AND or OR then which is the primary owner or are they both equal owners of the vehicle?

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2006-06-16 15:13:04
2006-06-16 15:13:04

If there is no specific designation on the vehicle title the default laws of the state in which the vehicle is titled will apply.

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Yes. The primary and the cosigner are equal owners of the vehicle. If all things are equal, and the loan is current, and one of the contract parties takes possession of the vehicle over the other, it is a civil matter and must be decided by a judge.

Yes, the cosigner and primary signer must be present to sell or trade the vehicle as they are equal owners. Also, both parties must sign the odomoter disclosure statement and the lien release (if applicable). The only exception to this is when the vehicle is titled Mrs. OR Mr. Some states like WV will allow an OR instead of an AND.

The primary and cosigner on a car note are equal owners. Neither has the "right of ownership" over the other. This is a common misconception. Both may not benefit from the transaction, but both will be negatively affected if the note is not paid.

It is an expression because an equation is two equal expressions separated by an equality sign.

If two owners are listed on a title in NC, they are considered to be equal owners. Therefore both owners have the same control over the vehicle.

What decides the ownership of real property such as a vehicle is the way the title is worded. If the names on the title of the vehicle are separated by the word "and" each party owns an equal share of the vehicle and both have to agree on any action taken. If the names are separated by the word "or" both parties have sole ownership rights and either one can take action without the permission of the other. Nevertheless, one party cannot have the use of the vehicle while the other one pays the financial obligation unless it pertains to a married couple or the involved parties have agreed on such an arrangement. Unfortunately situations such as cited quite often end up in litigation.

No. Owners Equity is equal to Business Assets less Business Liabilities.

AnswerThe loan is joint so both parties have equal rights to the vehicle.Not Necessarily SoAs a borrower, you only have the "right" to repay the loan. If you are also listed on the title as a co-owner, you have equal rights to use the vehicle. NOT ALL CUT AND DRY!The primary is the "PRIMARY OWNER" the co-signer is just a back up for the lender. If the Primary has allowed the co-signer to use the vehicle and it is in their possession well the primary is entrusting that person to operate it, and if there was verbal agreement with the co-signer to maintain payments, insurance and so on and if that person does not obtain like car insurance which is the law etc, you can write a demand letter asking for the vehicle back. Because if the co-signer does not keep up the insurance who ever the lender is will add their own and it will increase the car payment and only cover their property leaving the primary and the co-signer STILL liable for others in the event of a accident. Now if the Primary owner is not at all happy with the use of a vehicle by a co-signer in their name as well and there is Negligent Entrustment there are things you can do to protect yourself and you really need to talk with an attorney in your state. It really depends on your situation why the vehicle is in the co-signers possession in the first place.

A "pink slip" is a bill of sale showing ownership of the vehicle. A valid title is issued by the state in which the vehicle is registered. A vehicle that has a lien existing on the title cannot be sold by anyone until said lien is satisfied in some manner. Titles can be issued in two ways: When the title names are separated by the word "or" both parties are considered to have legal and sole ownership of a vehicle and may take action w/o the involvement of the other. When the title names are separated by the word "and" the parties are considered equal owners and both must agree to whatever action is taken concerning the vehicle. Please be advised, even though legally the "or" titling allows a person to take solitary action it does not mean that the other party named on the title cannot seek restitution via a civil suit for any damages they may incur.

The best spot would be in the middle of your vehicle, so the front and the back of the vehicle have equal amounts of sound.

The ruling was that "separated but equal" was not equal and that the schools were to allow African American children enroll.

White color is produced when all three primary colors are mixed in equal amount. White color is seen when the three primary colors are reflected equally towards our eyes.

When two primary colours (red, blue, yellow) combine in equal amounts they produce the secondary colours (purple, orange, green).

You have to provide proof that you don't have a vehicle or just give them the one you have.Another View: While you may be the "possesor" of the motor vehicle, if it has a lien against it you do not "own" in fact. Since you do not own it, you cannot dispose of it without the true owners (the creditor) permission. You are held responsible for having possession of the vehicle and knowledge of its whereabouts or the creditor has the option of filing a civil suit against you equal to the value of the unpaid loan, OR - reporting to law enforcement that have stolen the vehicle from its lawful owner and converted it to your own use.

White color is produced when all three primary colors are mixed in equal amount. White color is seen when the three primary colors are reflected equally towards our eyes.

First of all, the primary colors are namely, Red, Green, Blue, Yellow and etc. when mixed in equal amounts, they result in different colors, and it would only depend on what primary colors you would mix.

The strategy pursued by the NAACP was the argument that facilities could not be equal if they were separated. Eventually, this led to the overturning of the separate but equal doctrine.

The cosigner has equal right to the vehicle whether it is paid off or not.

The co-buyer of a vehicle has equal rights to the vehicle if there name is on the title. The co-buyers rights can be defined by a written or verbal contract.

Purple is a secondary colour. Secondary colours are the result of mixing equal parts of any two of the primary colours. To achieve purple mix equal parts of the primary colours Red and Blue.


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