Thursday, December 15, 2011

Texas. Selling my 150 cc scooter. Question about title transfer and liability? (details)?

I have a 150cc scooter in my name. I have the title in hand. I want to sell it. I run an ad, get a buyer. I sell it to the person, we both sign the title, he pays me, and rides off with the scooter and the title.





Question: if he crashes the scooter into someone's car on his way home from my house, and it is declared to be his fault by law enforcement, am I liable for the damages to the car?|||This Is by far a time tested question. Who IS liable? Well, all over the country this sort of problem happens every day. For instance, take any franchise dealer anywhere.You purchase a brand spanking new Toyota from Blahzy Toyota. You do all the financing,etc. You are given license plates (If this is allowed in your state) and a temporary registration until the vehicle is properly registered and titled in your name. This temp is good until anywhere from 30 to 45 days. In the past I have seen this scenario too numerously to elaborate on each and every one. Bottom line. You are responsible. As long as you hold the following (The dealer would have a signed copy of the same documents) The company Bill Of Sale, the certificate of sale (Here in NY State It is a MV50. %26amp; the application is mv82. all of these are given to you,the customer at the time you drive out. So, in essence, you own It. Therefore, you are responsible if you bounce it off another vehicle-a wall- a bus,etc.|||The bottom of your title has a page you can rip off, that you fill out and turn into the DMV, it says, you sold the car to xyz person on xyz date. If you fill that out and turn it in, even if the next person doesn't title/register it, it gets you off the hook.

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