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When a car is already signed over and only a verbal contract was made how does it get repossessed?
Wiki User
∙ 19y ago
This NC laws from the UCC but it is fairly universal among the states. Notice it says "secured party"? If you are not listed as LIENHOLDER on the title, have no written contract, have not made a UCC filing with the state, how do you show the debtor is in DEFAULT and the collateral should be repossessed? Yes, verbal contracts are upheld IF there is evidence of said verbal contract. PAYMENT RECORDS are the usual way to show that some kind of agreement was being carried out. http://www.ncleg.net/Statutes/GeneralStatutes/HTML/BySection/Chapter_25/GS_25-9-609.html § 25-9-609. Secured party's right to take possession after default. (a)Possession; rendering equipment unusable; disposition on debtor's premises. - After default, a secured party: (1) May take possession of the collateral; and (2) Without removal, may render equipment unusable and dispose of collateral on a debtor's premises under G.S. 25-9-610. (b) Judicial and nonjudicial process. - A secured party may proceed under subsection (a) of this section: (1) Pursuant to judicial process; or (2) Without judicial process, if it proceeds without breach of the peace. (c) Assembly of collateral. - If so agreed, and in any event after default, a secured party may require the debtor to assemble the collateral and make it available to the secured party at a place to be designated by the secured party which is reasonably convenient to both parties. (1961, c. 574; 1965, c. 700, s. 1; 1975, c. 862, s. 7; 2000-169, s. 1.)
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∙ 19y ago
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How can you prove a verbal breach of contract?
Simple answer: There is no such thing. Contracts MUST be written and signed by bothparties to be legally binding. There is an old saying, "A verbal contract is as good as the paper it is written on."
Can a subcontractor take contractor to court for nonpayment without signed contract?
Yes, verbal contracts are also binding
If a contract is changed without the knowledge of the guarantor is it valid?
A contract is valid when there is a meeting of the minds. Once a contract is signed, it cannot be changed unless written as an addendum and signed by all parties concerned. A verbal agreement cannot override a written agreement.
What are the differences between a simple contract and a formal contract?
simple contract cane be formed as verbally or as writing whereas formal contracts can only be formed as writing.
Can you sue anyone for breach of verbal contract in Louisiana?
It will be dependent on the type of contract. Some verbal agreements can be enforced.
what is an example of verbal contract?
An example of a verbal contract could be agreeing to pay a friend $50 for a concert ticket they bought for you over the phone. This agreement, even though not in writing, constitutes a verbal contract.
Is verbal contract consider as a formal contract?
Yes, you can be sued legally for any verbal contract over $600, so don't joke around!!!!
What does let stc mean?
Let STC means let subject to contract. It means that someone has made a verbal property agreement but has not yet signed anything.
Is a verbal contract a legal contract?
a verbal contracty is as equally valid as a written one, as long as the party alleging the contract can prove agreement on certain terms
Is a ( Verbal ) contract legal in the state of Indiana?
What legal wieght does a verbal contract carry, specifically in regards to an offer to sell an item?
Can you repossess a car you sold?
If you have a written contract that is signed & noterised you have a very good chance.If it was a verbal contract with witnesses that will back you up, you have a good chance.If the car is still in your name you have a good chance.If you have none of the above, it will be very difficult.
In UK is a contract binding if verbal?
verbal contracts are hard to prove, unless it is recorded
