09-22-2009, 08:46 AM
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#7
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Registered User
Join Date: Feb 2005
Location: It's a kind of magic.....
Posts: 6,558
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Quote:
Originally Posted by Kirk
That is a good question. I'm not really sure about the seller's legal rights. However, they are the ones who are suffering a loss here. The failed engine has decreased their sale price significantly. The buyer has no loss, they're getting the car pretty cheap. So I think it would stand to reason that the seller would be the one to benefit from any future settlement so as to set things right.
Kirk
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Unfortunately, legally that is not going to happen as the seller sold the car with a “clear” title, not an encumbered one; any future settlement transferred to the buyer, so the seller is out in any future settlement. And, in any case, you would have to be nuts to buy a car with an encumbered title…………..
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