Property Sold Our Without Owners Knowledge In King

State:
Multi-State
County:
King
Control #:
US-00167
Format:
Word; 
Rich Text
Instant download

Description

The Bill of Sale form is designed specifically for the transfer of personal property in connection with the sale of a business in the state of King. This document enables sellers to officially convey all furniture, equipment, inventory, and supplies associated with their business to a purchaser. Key features include explicit identification of the property, the agreed sale price, and a statement indicating the sale is made without warranty, thereby accepting the property in its current condition. Filling instructions emphasize providing accurate business and property details, and both seller and buyer must sign the document. For attorneys, this form serves as a critical tool in ensuring proper legal transfer of business assets. Partners and owners will find the form essential for documenting asset sales and protecting against future claims. Associates, paralegals, and legal assistants can use this form as a foundational document while assisting in business transactions, making it a relevant resource for a diverse legal audience.

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FAQ

If they sell the property without any legal authority to do so this would be fraud.

If the owners are unable to reach an agreement about selling the property, the owner who wants to sell may need to take legal action to force a sale. This is known as a partition action, and it involves asking a court to order the sale of the property and the division of the proceeds among the owners.

Partition actions are usually simple lawsuits since there typically are no important facts in dispute, and it is just a matter of getting the court to order a sale of the property. The court then issues an order, after hearing evidence on the issue, as to how to distribute the proceeds.

Consent of Both Parties: If the asset is jointly owned, both parties must agree to the sale. Without mutual consent, selling the property can become complicated. If your ex refuses to sell the property, you may need to seek a court order to force the sale.

In most cases, it is not possible for someone to sell your house without your knowledge or consent, especially if they do not have a power of attorney. A power of attorney is a legal document that grants someone the authority to act on your behalf, and it can include the power to sell your property.

If your spouse refuses to sell or buy you out then do not panic. You can petition the court for an order compelling the sale of the property. Once ordered, the home will be sold regardless what he says. Your next step is to retain a local family lawyer to commence the legal process.

If your partner is not willing to sell the business, you may have to take legal action. You could sue her for breach of contract or for damages. However, this is a complex process and it's important to speak to an attorney before taking any legal action.

Check with your county clerk. They may have a property fraud alert system for which you can sign up. Also let them know that you have experienced suspicious activity and that you believe someone may be trying to steal your title or other fraudulent activity. Talk to your title company, and mortgage company as well.

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Property Sold Our Without Owners Knowledge In King