The document discusses how laws around rights of title for automobiles have changed from horse ownership in the 1800s. Now, all states have "Certificate of Title" laws that establish a method to verify who has the legal right to sell a vehicle. These statutory laws prevent a possessor, like a lessee or rental customer, from usurping the actual owner's title and rights by selling the vehicle themselves. If these title laws were not upheld, car rental agencies could be vulnerable if a customer who possessed a rental car did not abide by the private rental contract.
The document discusses how laws around rights of title for automobiles have changed from horse ownership in the 1800s. Now, all states have "Certificate of Title" laws that establish a method to verify who has the legal right to sell a vehicle. These statutory laws prevent a possessor, like a lessee or rental customer, from usurping the actual owner's title and rights by selling the vehicle themselves. If these title laws were not upheld, car rental agencies could be vulnerable if a customer who possessed a rental car did not abide by the private rental contract.
The document discusses how laws around rights of title for automobiles have changed from horse ownership in the 1800s. Now, all states have "Certificate of Title" laws that establish a method to verify who has the legal right to sell a vehicle. These statutory laws prevent a possessor, like a lessee or rental customer, from usurping the actual owner's title and rights by selling the vehicle themselves. If these title laws were not upheld, car rental agencies could be vulnerable if a customer who possessed a rental car did not abide by the private rental contract.
The document discusses how laws around rights of title for automobiles have changed from horse ownership in the 1800s. Now, all states have "Certificate of Title" laws that establish a method to verify who has the legal right to sell a vehicle. These statutory laws prevent a possessor, like a lessee or rental customer, from usurping the actual owner's title and rights by selling the vehicle themselves. If these title laws were not upheld, car rental agencies could be vulnerable if a customer who possessed a rental car did not abide by the private rental contract.
In the 1800s it was not uncommon for a horseman to sell his horse via a contract with a buyer believing that the seller in possession of the horse had the rights to sell the horse. In this modern time the horse has been replaced by automobile, car(s) and truck(s) in everyday use and many law(s) have been enacted into law that directly affects the buying and selling of an automobile. Whereas there was no method and means to verify if a horseman in possession of the horse had a legal right to sell the horse, all states have codified into law method and means to verify who has a right to sell the automobile: Certificate of Title law(s). If statutory law(s) are not held to be the legal standing of law, then a Lessee of an automobile who is in possession would have a lawful right to sell the automobile, the Leaser be damned and the principle of Nemo Dat would not be applicable to the seller in possession. However, statutory law(s) would not allow a possessor to usurp title law(s) and to sell the automobile. If statutory law is not held applicable then any car rental agency could fall prey to any person who rents and takes possession if such person does not adhere to a private contract. In car short, possession alone does not grant rights, however the United States Constitution does grant right(s) with a guarantee.
In The Matter of Richard Eugene Littlejohn and Patricia Lee Littlejohn, Bankrupts. Commerce Bank, N. A. v. William R. Chambers, Trustee in Bankruptcy, 519 F.2d 356, 10th Cir. (1975)
A Short View of the Laws Now Subsisting with Respect to the Powers of the East India Company
To Borrow Money under their Seal, and to Incur Debts in
the Course of their Trade, by the Purchase of Goods on
Credit, and by Freighting Ships or other Mercantile
Transactions