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If I am a co barrower on an automibile loan and the co barrower number one has failed to make payments for 3 months and failed to contact me

1 Answers. Asked on Mar 13th, 2017 on Contracts - Florida
More details to this question:
is it possible to take him to court because he is refusing to sign the paper releasing it so i can refinance. i have also took posession of the viechle and caught up the three months of past due payments so it does not affect my credit
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Answered on Mar 13th, 2017 at 12:44 PM

Sure - its a matter of whether its worth the expense - but the legal right exists

All responses are NOT to be considered legal advice nor to be relied upon in any as such nor to establish any form of attorney/client relationship. Opinions expressed are solely informational and not a substitute for proper legal advice provided by a properly retained after thoroughly researching the issues presented.

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Contracts
Most people and business enter into contracts on almost a daily basis. Simply put, a contract is a legally binding agreement between two parties. One party makes an offer to do something in exchange for "consideration," or payment, and the other party accepts that offer. Contacts can be verbal, in writing or even implied. Some contracts--such as signed credit card receipts--are very simple. Others--such as those used to buy or sell real estate--are far more complicated. If you are entering into a complex transaction, it pays to hire a contract law attorney as early as possible in the process. Your lawyer can help negotiate the terms and conditions of the agreement, then draft the contract or review the contract that has been presented to you. Law firms with experience in contract law can also defend you if you or your company has been accused of breaching a contract, or if you need assistance enforcing a existing contract.
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