yes because you sold it could been old and now hey could get sick
No, a co signor would not be liable. A co-buyer would be liable.
If you are truly a Co-Signor then you would not be liable for the accident although you would still be liable to the finance company for unpaid balance of the financed vehicle. If you are in fact a Co-Buyer, then yes, as one of the vehicle owners your are jointly and severally liable financially for any accident incurred in the vehicle. Unfortunately their are many unscrupulous car dealers these days that do not explain the difference to the customer between a Co-Signor and a Co-Buyer. If your name appears on the title or the vehicle registration to the vehicle then you are not a Co-Signor, you are a Co-Buyer aka a Co-Owner.
An individual who purchases a vehicle jointly with a Buyer, and is jointly liable for repayment of the loan.
In almost every state, the answer is "NO".
Possibly. If the new buyer did not have insurance on the car, you may be held liable for the damage. This will more than likely end up in court for a judge to decide. Never, ever, sell a car without immediately transferring it into the buyers name. But you probably have already learned this lesson?
You can find a complete buyer guide for garage door openers by visiting www.aaaremotes.com. You can also find more information at www.consumersearch.com.
Most places have laws that require the seller to disclose all known problems and damage to the buyer! If the buyer finds an issue that was not disclosed and has evidence that you would have known about it, you will be in trouble!
Without a legal contract it is "Buyer Beware" or "Sold as is".
if the third party had permission (or implied permission) to drive (from an owner or agent of the owner) and the policy doesn't exclude them.......the owners and the driver will be held liable.....
you are liable for the cash you got and owe it to the bank u cashed it at.its a felony in the USA called fraud
yes. When a vehicle is repossessed by the bank it doesn't mean that you stop making payments. You are still liable for the loan.
Yes !! Until the new buyer re-registers the vehicle into his/her name, YOU are legally liable for any damages to people or property as long as your name is on the title. Best to hand carry the title with both seller and buyer to the motor vehicle office and get this done before handing over the keys.