Someone gave us a 30 year old not working boat and motor and a rusted out trailer. It has been 2 years and we have done a lot of work to it. Now it is working condition and we bought a new trailer for it as the old one broke in half because it was so very rusted. A few days ago we got a call from our friend saying he is bankrupt and need the boat back because he can sell it for $2600 now and he had a buyer. Then a few days later he said he needs it all back because he put it as property on a bank loan and needs to turn it in. He said since we never paid for it then it is still his. It was junk he wanted towed off his property. Now it is working after all our hard work and money put into it. There is no blue book value on the boat. There may be value on the motor, it is more like 20 years old. The trailer had no value it was rust. He said the package was for boat, motor and trailer and he wants money or it back. We own the new trailer cause we bought it. So he offered me $200 for it. Trailers are expensive. He wants to buy it for $200 or sue for his property.
Can he sue us for it? He gave it to us, but he never found title and it did not matter since it was so old. Also, he gave us some paperwork on it with a hand written, signed not saying that he was giving us copies of insurance papers so we can at least get the boat licence without the title and get the trailer licence.
Can he sue us for it? He gave it to us, but he never found title and it did not matter since it was so old. Also, he gave us some paperwork on it with a hand written, signed not saying that he was giving us copies of insurance papers so we can at least get the boat licence without the title and get the trailer licence.