As a co-buyer on an automobile, can the other party take full possession? Both parties names are listed as the Purchaser's. Only one purchaser signed the retail order for the motor vehicle, and if so, how can one become a no co-buyer?
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1Who's on the title?– ChrisInEdmontonNov 18, 2016 at 18:03
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What country and if applicable state is this in?– JoeNov 18, 2016 at 19:43
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1 Answer
Your question about full possession is a little ambiguous. As long as both names are on the title then both people are entitled to the use of the automobile. If you have a copy of the keys, then you are legally entitled to drive the car. Even if the other owner reported it as stolen, you are on the title, so you have a legal claim.
Most states recognize the and/or rules on the title. If the two names on the title are joined by the word AND, then both parties are required to transfer or otherwise dispose of the vehicle. If the two names on the title are joined by the word OR, then either person can sell the car without involving the other. Other legal questions about whether you could sue for half of the money if one sold without the other's consent can't be answered except on a case by case basis.
answered Nov 18, 2016 at 18:45
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Thank you for your response. To clarifying, as long as I have my key, the car can't be reported stolen? Thanks again Joe Dec 16, 2016 at 19:06
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2I would put a slight check on the answer here. "cannot be reported stolen" is inaccurate; it is simple to report any given thing as stolen, even if it isn't stolen. Will not be considered stolen by a court of law, perhaps?– JoeDec 16, 2016 at 19:34
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1And user51476/Joe, that is what the answer is saying: you should be legally okay if you are on the title and have your key. BUT, please do not consider this legal advice, particularly as different states have different laws; consult an attorney if you want to be sure.– JoeDec 16, 2016 at 19:35