Posted On:
June 6, 2008
Damaged Cars and Suing the Lender
Damaged Cars and Suing the Lender.
You can collect from the lender for defective cars under the HOLDER RULE.
Since the contract that the lender is holding permits the buyer to sue the lender the lender can be sued up to the amount paid on the contract. The lender in in the position to allocate the rick for such losses and defray the risk
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