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My father lives on the other side of the state, MO. He

Customer Question
My father lives on...

My father lives on the other side of the state, MO. He helped me purchase a car years ago and the title said 'and'. I'm purchasing a new car and my father has given me oral consent to sign his name to trade it in. It's that legal?

Lawyer's Assistant: What state is this in? And how old is the car?

Missouri. 2009 is the car's year

Lawyer's Assistant: Has anything been filed or reported?

Meaning?

Submitted: 2 months ago.Category: Legal
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Customer reply replied 2 months ago
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2/6/2018
Lawyer: legalgems, Lawyer replied 2 months ago
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Lawyer: legalgems, Lawyer replied 2 months ago

Unfortunately that is not sufficient as the buyer and the state will not know that verbal agreement was given (that can result in fraud which is why that is not acceptable).

As such the co-owner would be required to execute a power of attorney if they are willing to allow the co-owner to sell the car for them.

This is a binding document if relied upon by a third party (ie the buyer).

The person with power of attorney (the agent) has a fiduciary duty to act in good faith towards the principal so for example the agent would be required to get a fair price and to promptly provide the principal with the proceeds (their share).

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