Lent a car to a friend. They allowed another person to drive, which crashed and wrote the car off. After the car accident, we all found out that driver did not have a drivers licence.
They have agreed to pay market value, but want to go through a settlement process. My thoughts would be to have a contract of sale, transfer papers and they own it thereafter.
Any thoughts on which is better?
They have agreed to pay market value, but want to go through a settlement process. My thoughts would be to have a contract of sale, transfer papers and they own it thereafter.
Any thoughts on which is better?