When a car dealer sells his lot should customer receive a letter stating that he has sold?
Full Question:
When a car dealer sells his lot should customer receive a letter stating that he has sold and make arrangements to where to make payments & should he send letter before repossessing vehicle?
08/01/2007 |
Category: Automobiles |
State: California |
#7649
Answer:
Typically, a person is not required to receive notice before a repossession or required to serve notice on all customers when they sell their business. However, the contract terms will govern. If the contract terms are changed, such as place for payment, that needs to be communicated to the other party.