In most cases, yes.
For a car to be reposesed the car must have a lien of the license. This would occur if a loan is out on the vehical and contract is breached due to lack of payments. The other is if repairs are made to the car, usually the repairs exceeding the worth of the car, and payment is not made. The car must also be repossesed without objections of the current posseser. If the posseser objects then the vehical cannot legally be repossesed until the issue goes to trial. This is my understanding of the law in the state of Missouri and may be different from state to state.
In most cases, once you gift a puppy to someone, you no longer have legal ownership over the pet, even if it's registered in your name. If you want to reclaim the puppy, you would typically need to negotiate with the new owner or seek legal advice. It's important to consider the well-being of the pet and handle the situation with care.
No, taking a car for a joy ride without the owner's permission is unauthorized use of a vehicle, which is a lesser offense than stealing a car. Stealing a car involves the intent to permanently deprive the owner of their vehicle, which is a more serious crime with harsher penalties.
If you're at fault in the accident while driving someone else's car, the car owner's insurance typically covers the damages. However, the car owner's insurance premiums may increase as a result of the claim. It's important to inform the owner of the car and their insurance company about the accident as soon as possible.
Legal ownership refers to the individual or entity whose name is officially registered on legal documents as the owner of an asset. Beneficial ownership, on the other hand, refers to the individual or entity that enjoys the benefits of owning an asset, even if the legal ownership is held by another party. For example, in a trust, the legal owner is the trustee, while the beneficiary holds the beneficial ownership rights.
only registered owner can get car out of impound unless lot owner doesn't follow the law
If you are the last registered owner of the vehicle, then you can get it out of impound, but you will be responsible for any towing charges, storage charges, service charges, gate fees, etc. It could be very costly, but you can do it.
A car owner has to pay impound and storage fees after repssession because that was their car. The bills are left to the car owner, no one else is going to pay their bills.
It just depends what the impound yard wants to do, if they can't re-sale the vehicle they will probably come after R.O. or the L.O. If the car is driveable and in good condition they will probably sell it and won't even charge the Registered owner.
Who is the legal owner or owners of a car if it is registered in one name but paid for jointly by 2 parties
Yes, you can sell an impounded vehicle, Unless the car has a hold on it in connection with a crime, in which case there would be no storage fees. Mind you, the buyer is liable for any tickets that go to the plate that was on the car at the time of impound.
No
Yes. Only a registered owner of a car can get the insurance. The insurance policy document and registration documents of a car both should be in a name of one person. The mismatching of documents leads to legal complications. So it is important to ensure that to get insurance, you have to be the registered owner of a car.
The fees and fines are the responsibility of the registered owner. You can sue the driver if you want to get the money back
Who holds the title to this car
A car has been impounded , can the car be return to owner if a payment arrangement is made with parking authorities.
The car needs to be registered in the state the owner resides in.