Gludy
Well-Known Member
I did not know this before today.
If you reject a boat the boat ownership returns to the seller when you reject it and you have a debt that you have to prove - so you do not even have legal title to the boat from the time of rejection.
Hence the seller can resell your boat and go bust leaving you with nowt!!!!
So it seems that rejection is even more dangerous than I thought, you even remove your security!!!!!
If you reject a boat the boat ownership returns to the seller when you reject it and you have a debt that you have to prove - so you do not even have legal title to the boat from the time of rejection.
Hence the seller can resell your boat and go bust leaving you with nowt!!!!
So it seems that rejection is even more dangerous than I thought, you even remove your security!!!!!