What is a seller’s liabiity if they sold a boat and it immediatley broke down?

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What is a seller’s liabiity if they sold a boat and it immediatley broke down?

I sold my 15 year old boat yesterday and was asking $9800 but after a test drive they offerd me $8K. I accepted signed the title. I also signed the bill of sale provided by the state. After they paid for it they took it on the water and it broke down. Am I’m I responsible for any damages or returning the money?

Asked on June 16, 2012 under Business Law, Texas

Answers:

EMMANUEL SOCKS / Socks Law Associates, PLLC

Answered 9 years ago | Contributor

It all depends. Your liability may be based on two things, (1) representations and warranties that you made in the Bill of Sale, or (2) representations and warranties that you made in your Sale advert or oral statements that you made that could have been relied upon by the buyer to his/her detriment. 

You may be liable if you made representations that were not true.


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