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Please enlighten me on this.
My car was sold by a trusted friend and a business partner (who appears to be the seller) to re-pay some debts. The transaction is between my friend (as seller) and the buyer. Although my name is mentioned on their simple agreement as "in behalf of" but I didn't sign any deed of sale or such document proving that I am not present during the actual sale of the vehicle.
The car is emcumbered and supposed to be paid by the proceeds of the sale.
The balance was not paid by the seller and according to him is he being charge a "estafa case" by the the buyer.
Question 1.
What is my liability as the real owner of the car?
Is there anything I can do to limit my participation in this regard since I am not present in the actaul sale, since the sale is between my friend and his buyer? where in fact my signature did not appear in any document.
My car was sold by a trusted friend and a business partner (who appears to be the seller) to re-pay some debts. The transaction is between my friend (as seller) and the buyer. Although my name is mentioned on their simple agreement as "in behalf of" but I didn't sign any deed of sale or such document proving that I am not present during the actual sale of the vehicle.
The car is emcumbered and supposed to be paid by the proceeds of the sale.
The balance was not paid by the seller and according to him is he being charge a "estafa case" by the the buyer.
Question 1.
What is my liability as the real owner of the car?
Is there anything I can do to limit my participation in this regard since I am not present in the actaul sale, since the sale is between my friend and his buyer? where in fact my signature did not appear in any document.
Last edited by Ivirginia on Thu Jul 07, 2016 10:39 pm; edited 1 time in total (Reason for editing : Re-structure)
