Legal Question in Insurance Law in Georgia
If you co-sign a loan for a car, and you basically pay for it, and the other owner suddenly starts to have unexplained seizures, who is is responsible if there is an accident. The person is told that they should not drive for six months after a seizure but continues to do so.
Asked on 3/02/14, 4:29 am
1 Answer from Attorneys
Co-signing is NOT the same as co-owning a car. By-co-signing, you are saying in effect to the lender "go ahead and make the car (or other) loan because if the primary borrower does not pay I will."
This has nothing to do with ownership. Whoever owns the vehicle can be sued if anyone (including the owner) drives the vehicle and causes an accident.
Answered on 3/02/14, 8:42 pm
Related Questions & Answers
-
Insurance co told me if i deposited money into my anuity i would get a large bonus.... Asked 1/24/14, 11:41 am in United States Georgia Insurance Law
-
I was parked at a post office and a young lady on the cell phone ran into the front... Asked 12/24/13, 12:28 pm in United States Georgia Insurance Law
-
Was involved in a hit & run. the police report clearly show the other party at... Asked 11/21/13, 7:55 am in United States Georgia Insurance Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
