answersLogoWhite

0

You can be sued depending on the terms of your contract. All that "surrender" means is that you gave up the car without a fight. It does not necessarily mean a cancelling of a contract.

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

What will happen if you voluntary surrender your house while in a trust deed?

Unless you are very confused, you know that a trust deed is what some states call a mortgage. A voluntary surrender, if done carefully and probably with a lawyer's help, can result in the mortgage being terminated with no further liability to you. The tricky part is to make sure there is no tax liability on your part due to the cancellation of the balance due on the note.


If you do a voluntary repo and the dealership sells your car do they have any right to collect interest?

The contract called for interest as long as you had the car. IF they get a judgment for the balance owed on the contract, it will call for interest until it is paid. READ your paperwork.


Where are posture balance and voluntary muscle movements controlled?

Cerebellum


Do you have to pay the balance on a lease if you volunteer to surrender the car?

Yes


Part of the brain that coordinates voluntary activities and balance?

Cerebrum


Can wages be garnished for the balance of a loan in a voluntary repossession?

Yes, they can be garnished for this reason.


Does the state of Georgia have to balance its budget?

According to the Georgia Constitution of 1983, yes, the government of the State of Georgia has to balance its budget. Then just what budget you are talking about becomes the question, after you have the general accounting notion of 'balanced budget'.


What does it mean to surrender a life insurance policy?

It means you want to cancel the policy. If there is cash value in the policy, surrender charges will be deducted from the cash value and you will get the remaining balance.


Can a lender make you pay the balance owed on the car if you voluntary give it back?

It would depend on the contract you had


What are the two primary functions of the cerebellum?

The two primary functions of the cerebellum are coordinating voluntary movement and maintaining balance and posture. It receives sensory input from the spinal cord and other parts of the brain to regulate and fine-tune motor activity.


If you did a voluntary repo on your truck do you still have to pay any money that they will not make reselling it?

Yes, you're responsible for the balance.


What is the purpose of the cerebelum lobe?

Cerebellum controls the coordination of voluntary motor movement, balance and equilibrium and muscle tone.