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Submitted 247 days ago...

Corvus179

New User (2)

Is a bill of sale binding without exchange of money?

I was going to move out of the country so I sold my van to someone who made a bill of sale. It does not say it's legally binding on it. There was no exchange of money and we still have the title. Now, our plans changed and we are moving back to U.S. and need a vehicle, can I get out of this bill of sale legally or is it binding?
since no money was transferred yet or title of car, is it binding?

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Submitted 246 days ago...

Rick_

Expert (677)

No if you still have the title in your name , and not signed over to the other party , or the othere party dose not have a reciept you gave him for money he gave you , your good to go

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This Question was awarded 241 days ago therefore you can no longer post an Answer. However you may post a comment below.

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Submitted 241 days ago...

Corvus179

New User (2)

This was the best answer SINCE it was the ONLY answer. However, a lawyer told my husband that the bill of sale IS binding. So, we are out of luck.

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Submitted 241 days ago...

Rick_

Expert (677)

Due ti the extenuating circumstances , which no money or title exchanged hands , i don't see how a judge would rule in the favor of the other party , unless you stated on the bll of sale that you received money or other goods for the vehicle, in that case it would stand as a receipt for the vehicle,
Did you not place or state a lien or balance due on the bill of sale , what i am saying did you just give him a clear and free bill of sale ,if the bill of sale states there is a balance due , the other party will have to show a reciept for that balance , why did you hold the title ?

I don't fully understand what the conditions
of the sale where or what your actions where in this particular situation , maybe a mistake seem less serious than it first appeared

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