Selected News Article

DANGER - DON'T RELY ON VEHICLE REGISTRATION PAPERS

DANGER - DON'T RELY ON VEHICLE REGISTRATION PAPERS TO PROVE OWNERSHIP!



Never buy anything without checking that the seller is indeed the true owner. If he or she isn't, the real owner can recover the property from you, even if you bought it from the seller entirely innocently.

That leaves you with nothing but a worthless claim against a fraudster. Which is precisely what happend in a recent High Court case where a motor vehicle was fraudulently 'bought' on an auction, and 'paid' for with a stolen cheque. In short order, the fraudster registered the car into another name, sold it on to his innocent victim, and disappeared with the money.

The mistake the eventual buyer made was to rely on the car's registration papers as conclusive proof of the seller's ownership. It isn't - in fact all that registration papers provide is a presumption (which can be refuted, i.e. what the law calls 'prima facie' proof) of the accuracy of their contents. Insist on proper proof of ownership, and take legal advice if in doubt!

02 Oct 2009 / Ian Wyles

Summary of articles

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'Buyer Fatigue' ,

02 Jul 2010 / Scott Reyburn

PROPERTY AUCTION DRAWS BIDDERS,

09 Feb 2010 / South Coast Herald

SA FOLLOWS GLOBAL REBOUND,

25 Sep 2009 / FINWEEK 24 SEPTEMBER 2009

 
Articles 1 to 5 of 8