Asked by Kelly Walter on Jun 15, 2024
Verified
Cindy sold her old used automobile to Bruce for $1,000.Cindy told Bruce to come and take the car and that the transfer would be complete.Is Cindy correct,and why or why not?
Transfer Complete
This term is not well-defined in a general context and could relate to various fields, generally implying that a transfer process of an item, information, or responsibility has been fully executed. NO.
Old Automobile
An old automobile refers to a car that has aged significantly, often considered to be a classic or vintage vehicle based on its historical value or date of manufacture.
- Comprehend the legal prerequisites and protections for multiple kinds of property, encompassing real, tangible, and intangible properties.
- Discern the aspects and legal soundness of gift dealings and the transferal of proprietorship.
Verified Answer
AH
Andrew HarrisJun 18, 2024
Final Answer :
Cindy is incorrect.In order to transfer a vehicle,a certificate of title must be signed by the seller,taken to the appropriate government agency,and then reissued in the name of the new owner.
Learning Objectives
- Comprehend the legal prerequisites and protections for multiple kinds of property, encompassing real, tangible, and intangible properties.
- Discern the aspects and legal soundness of gift dealings and the transferal of proprietorship.