Legal Question in Admiralty Law in Florida

I am selling a boat and am letting the buyer make payments. I want to be sure I am not liable for him or the boat after the purchase. Should he title it in his name and put me as a lien holder so I can repo it if he falls behind on paying or do I keep the title in my name (as it is now) and have him sign a drawn up document stating he assumes all liability?

Asked on 5/21/12, 8:40 am

1 Answer from Attorneys

David Slater David P. Slater, Esq.
0 users found helpful
0 attorneys agreed

if you keep title, you are potentially liable.

Read more
5/21/12, 9:48 am

Related Questions & Answers

More Admiralty Law questions and answers in Florida

Looking for something else?

Get Free Legal Advice

88222 active attorneys ready to answer your legal questions today.

Find a Legal Form

Browse and download our attorney-prepared and up-to-date legal forms from $4.99

Find a Form

Featured Attorneys

Anthony RoachLaw Office of Anthony A. RoachChatsworth, CA
Terry A. NelsonNelson & LawlessRiverside, San Bernardino, CA
Phillip D. Wheeler, Esq.Phillip D. Wheeler, Attorney At LawMorro Bay, CA
Find An Attorney

Are you an Attorney?

Earn additional revenue and grow your business. Join LawGuru Now