need advice asap

What is the name of your state? california my friend and his girlfriend bought a truck together in june/2001 .they each pay half the payment/both payed $2000 dnpymt. ea. they agreed that if there relationship ended one would keep the truck and pay the other back what they have payed from the beginning. (the $2000/there half of truck payment from 6/2001 until the monthof there breakup. what legal form can i use or agreement/contract can be use to protect him? please help asap!

[TYRIS]

Originally posted by bluviolet
What is the name of your state? california my friend and his girlfriend bought a truck together in june/2001 .they each pay half the payment/both payed $2000 dnpymt. ea. they agreed that if there relationship ended one would keep the truck and pay the other back what they have payed from the beginning. (the $2000/there half of truck payment from 6/2001 until the monthof there breakup. what legal form can i use or agreement/contract can be use to protect him? please help asap!

- who's name is the truck registered under? who's name is on the title of the truck or does the truck have a lien holder?

Tyris

You see this is NOT a hard problem......

If they bought the truck together and paid for it out of a JOINT checking account, then they both own the truck.

The problem comes in when only one persons name is on the check that paid the deposit or the monthly payments.

Sonofamoo... my state is New Jersey and you had stated in your reply on the thread about the gf/bf that bought a truck together that the problem is if there is only one name on the receipts, title, etc. How would that play out? My ex-fiancee's name is on the purchasing paperwork and the registration, but I pay the note, put up the down payment, and pay the insurance.. all of the money transactions are in my name. How difficult will it be to get my car officially? Anything you can tell me would be GREATLY appreciated!

[I AM ALWAYS LIABLE]

[quote]Originally posted by sonofamoo

"If they bought the truck together and paid for it out of a JOINT checking account, then they both own the truck.

The problem comes in when only one persons name is on the check that paid the deposit or the monthly payments."


My response:

Can you tell me the day that you actually became a complete idiot?

IAAL

I almost peed myself reading your response IAAL