Op said nothing about loaning or gifting money. Op bought the car for the friendMoney was used to purchase the car. It is this money that may or may not have to be repaid.
I get the presumption but a transfer of title is supportive of donative intent, or to hide financial or criminal liability.We are not talking about what was purchased but rather about the money that was used for the purchase. The money was either a loan to the friend that needs to be repaid or a gift to the friend for the purchase of a car.
It will be presumed a loan due to the relationship being friend-friend rather than family member-family member.
What's a "BBF"?MPB: We were BBF's.
It was said the op purchased a car for the friend. It doesn’t say the money was loaned nor gifted. It was tha car that is the subject of the action.Nowhere was it said the car was loaned to the friend. Money was withdrawn for the purchase of the car. It is the money not the car that was the potential loan versus gift.
per the urban dictionary, it’s boy best friend. Further into the description it speaks of friends with benefits.What's a "BBF"?
My point is basically that the op needs to understand that, as I see it, he doesn’t have the right to sue for the money he paid but for the return of the car or it’s value, regardless what he paid for it. If he over paid for the car he may get s judgment for less than he paid and have to live with that.. Due to that he may want to not run off to court and file suit right now.. it would be wise to seek a contract for the amount of the purchase first even if that requires eating a little crow.I bought my friend a car in April of 2018.
I agree to your take on the loan/gift issue but regarding what the op could sue for, well, we’ll simply have to agree to disagree on that point.I think in my first response I said the car sounded to me more like a gift than a loan. I have not changed my opinion.
But it is the law that will presume a loan when there is no evidence to document a gift.
For that reason, the friend will have a difficult time showing the court that Mbeamon, out of the goodness of his/her heart, withdrew money from the bank to purchase a car for her - no strings (or repayment terms) attached.
Regardless of the car's value, it is the money that was spent to purchase the car that will be the amount that can potentially be recovered if Mbeamon takes the friend to court.
I'm okay with that.I agree to your take on the loan/gift issue but regarding what the op could sue for, well, we’ll simply have to agree to disagree on that point.
I am sorry but I think that you are dead wrong. You are making the assumption that any gift is automatically considered a loan in TX without evidence to the effect that it was a gift. Even under your assumption, the fact that the title was put in the name of someone else, with no lien included on said title, is evidence enough of the gift.Well ... whatever you want to argue, it will be up to the friend to prove gift if a suit is filed against the friend to collect on a loan.