A bit off your question but related, at our recent tractor show some of my buddys (I have at least 2 lol) were arguing over who "owned" a certain tractor because a friend parked one of their tractors on another friends space. I reiterated the old wives tale "Posession is 9/10 of the law" and explained to them as a "current peaceful posessor" that person (whose space tractor was parked in) has superior claim to all others EXCEPT the rightful owner. In other words, I have no legal right to that tractor over my buddy (whose space it was parked in) just because he (in this case posesses it) stole it from another person, i.e. I cant defend my taking of it in court by proclaiming "ITS NOT HIS HE STOLE IT" Again, he is the "current peaceful posessor" so his right is superior over mine even if he did steal it.
ALSO RELATED TO BILL OF SALE ISSUES
Then theres the whole other "buyer in good faith for consideration" can of worms where if an item is stolen (seller stole it) but the buyer was not aware of that and pays good money for it, thats a good defense against such things as receiving stolen property etc BUT THE RIGHTFUL OWNER still deserves the property back. In that case the buyer has no cause of action against the true owner so he has to bring action against the thief for his money back.
A "Bill of Sale" is good evidence of rightful posession of personal property and good evidence you paid consideration, it doesnt necessarily address "good faith" however. The sales price, description of property, language of conveyance, and signature and date are pretty much the essentials.
Hey I dont practice personal property law (if Mike or Dean disagree, theyre probably right) so NO WARRANTY but this is how I understand it AND IM THE CURRENT PEACEFUL POSESSOR OF THAT KNOWLEDGE LOL
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
