AzGeo
Fair winds and following seas George.. Rest Easy..
- Joined
- Jan 28, 2009
- Messages
- 8,298
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is not legally bound to anyone, because the titles were 'signed over' to a third party . So the actual owner/seller must go after the 'third party' for 'failure of fiduciary duty' .
This would be a different story if the boat were 'stolen', then the property goes back to the original owner/seller .
In cases like this, the new owner has completed a 'true and valid transaction', with the 'third party', and here in lies the problem .
This would be a different story if the boat were 'stolen', then the property goes back to the original owner/seller .
In cases like this, the new owner has completed a 'true and valid transaction', with the 'third party', and here in lies the problem .