Do I have legal recourse on ownership of a car
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I bought a car from someone I thought was a friend. The paperwork she and her co-signet generated, which I signed said that I would pay $6400. It went on to say that I would take over the payments and when the car was paid off I would receive the title. I paid it off early and ended up spending slightly less than $4000. They claim I owe them $2400 and will not turn over the title. Do I owe them money?
Asked on August 27, 2017 under Business Law, Colorado
If the contract says that you have to pay $6,400, then you hae to pay $6,400. The issue is, is that what the provision that you describe, "that I would pay $6,400," actually means, which depends on *precisely* what it says. Contracts are enforceable as per their exact terms or language and can require paying more than you should or otherwise have to; you are required to pay what the contract calls for, which is what you agreed to pay. Therefore, the issue is *exactly* what this contract says. If you feel that under its terms, you don't have to pay the extra $2,400 but they disagree, you can refuse to pay and sue them for the title; a judge will then review the agreement and decide whether you have already paid all that you have to, and are entitled to the title, or whether you owe them another $2,400.
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