Legal Question in Banking Law in Louisiana

Bill of sale for a boat

I purchased a boat and never received a bill of sale. The guy who sold it to me from a consinement shop...sent me a bill of sale but it was not good because it had his name on it and not the actual seller. I contacted to Seller myself and requested it. When he found out how much I paid, De decided to contact an attorney because the man lied about how much he sold the boat for and pocketed the extra money. He will not relwease the bill of sale until her gets his money from the man. Can I cancel the loan and return the boat because I can not register it in my state? What are the laws when you finance with a bank?


Asked on 4/28/07, 11:02 pm

1 Answer from Attorneys
Regina Mullen Legal Data Services, PLC

Re: Bill of sale for a boat

You need to hire an attorney because you were sold something that the seller had no right to sell. If he had had the right to sell it, he would have given you the required paperwork. So, you need to take both of them to court to clear your title, if you can't negotiate it.

The seller has no right to dictate the terms of the sale, and you shot yourself in the foot by telling him what you paid. That's why the consignment shop owner is justifiably annoyed with you.

Try to mediate it at a local center [to keep the sale, maybe the other two will agree to amicably split the "excess"], but chances are you're going to end up in court.

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Answered on 4/29/07, 7:53 pm


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