Asked on Feb 02nd, 2017 on Business Law - Connecticut
More details to this question:
I recently acquired a used car from someone, I told them I would pay it off weekly. The car is currently in my name, my title, my registration, insurance, etc. All of it. It took me 3 weeks to get a payment back to him. Is there anything he can do about it? There was no written agreement for me to pay him money off the car, can he get the car taken back?
You so have a contract to make payments. If there is no writing, you have an oral contract. You also were "unjustly enriched", by getting the car. He can not take your car, but you can be suit based on the agreement or for the car'still value. The you assets including the car can be attached and ultimately taken. If you agree you made a deal you should honor it.
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