Jul
2014
2014
Consumer Protection Act, 2002 (CPA)-Application of 2/3rds Rule
/ 0 Comments /A used car dealer sells a vehicle for the sum of $10,000.00. The purchaser decides to accept the dealers offer to finance the purchase. After paying $7,500.00 of the amount owing the purchaser defaults on the payment and the ...
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2014
2014
Repair and Storage Liens Act (RSLA) –Barred from further legal action
/ 0 Comments /A motor vehicle repairer performed substantial repair work on a vehicle which invoice totaled $5,000.00. The repairer, who knows the vehicle owner, agreed to release the vehicle to the owner based on a promise to pay but did ...
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2014
2014
Personal Property Security Act (PPSA)-Exempt Collateral
/ 0 Comments /A pay day loan company also advances loans against the security of vehicles providing that the vehicle is six (6) years or newer and lien free. Should there be default on the repayment of the loan, the lender is entitled to ...
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