What is the law for a lein holder with a wrecked car?
what is the law if someone was letting you pay payments on a saloon and they put themself as lein holder...and the car was wrecked with only liability insurance? does the lein holder just lose that amount and the one paying payments lose a car? there be NO contract...nothing was talking in the order of as far as WHAT IF the car is wrecked...lein holder shouldve required full coverage, right?
soul who was is on the title first is responsable for all .if the lein holder has insurd it they can collect.if vehicle i titled to the first party they are libale for all.yet the lien holder hold responablity to mnake sure the saloon is was insured.
lien holder has the right to sue the person responsiible for the accident if at hand is no insurance company to fall back on. > lein holder shouldve required full coverage, right?
that is incontestably what happens with a new vehicle or a used car bought from a dealer.
My guess is this is headed for court if you can't settle it amicably.
Sounds like this lady will be capable of prove that there was a contract--an oral contract. You agreed to pay her surrounded by payments, she agreed to let you drive the car until it was rewarded for and then it was yours. She can prove that contract by showing that you did in reality make those payments.
You still owe her for the balance.
If she sues you for it, your argument is that she did not "mitigate" her damages. You are saying that she did not appropriate steps to get money out of the car parts, etc. But all she have to do is take reasonable action. If the sports car was totaled, parting it out can take forever and might not even attain her much. The court may not require her to do that.
As for whether she should have required full coverage--that would have been smart of her, but it's still your problem. YOU should own had the insurance to cover this because then you would have the money to pay packet her what you owe her.
