Alex owned a used 2021 Tesla 3 automobile, which Alex sold to Bailey on July 1....

 

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Alex owned a used 2021 Tesla 3 automobile, which Alex sold to Bailey on July 1. Bailey gave Alex a bank check for $95,000. Alex signed the title to the Tesla over to Bailey. Alex immediately went to Alex's bank to deposit the check. The bank informed Alex the check was forged. Alex immediately called police and reported the Tesla as stolen. July 2, Timmer responded to a Facebook Auto Ad listing of a 2021 Tesla 3 automobile for sale for $50,000 cash. Timmer responded agreed to meet Bailey at a local Walmart parking lot. Timmer gave Baily $50,000 and Bailey signed the title to the car. Before Bailey left, Timmer asked if he could see some identification. Bailey did not have any identification. Bailey asked if Timmer wanted to follow Baile home, but Timmer declined and took possession of the Tesla. July 10, police seized the 2021 Tesla at a public parking lot. Topic Questions 1. Who is the legal owner of the vehicle? This requires a detailed discussion of the applicable law you studied in this week's materials. 2. What should Alex have done, if anything, to protect Alex's interest in the transaction? 3. What should Timmer have done, if anything, to protect Timmer's interests in the transaction? Alex owned a used 2021 Tesla 3 automobile, which Alex sold to Bailey on July 1. Bailey gave Alex a bank check for $95,000. Alex signed the title to the Tesla over to Bailey. Alex immediately went to Alex's bank to deposit the check. The bank informed Alex the check was forged. Alex immediately called police and reported the Tesla as stolen. July 2, Timmer responded to a Facebook Auto Ad listing of a 2021 Tesla 3 automobile for sale for $50,000 cash. Timmer responded agreed to meet Bailey at a local Walmart parking lot. Timmer gave Baily $50,000 and Bailey signed the title to the car. Before Bailey left, Timmer asked if he could see some identification. Bailey did not have any identification. Bailey asked if Timmer wanted to follow Baile home, but Timmer declined and took possession of the Tesla. July 10, police seized the 2021 Tesla at a public parking lot. Topic Questions 1. Who is the legal owner of the vehicle? This requires a detailed discussion of the applicable law you studied in this week's materials. 2. What should Alex have done, if anything, to protect Alex's interest in the transaction? 3. What should Timmer have done, if anything, to protect Timmer's interests in the transaction?

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1 The legal owner of the vehicle is a complex issue and would likely depend on the specific laws and regulations in the jurisdiction where these event... View the full answer