Legal Files

Buy or Sell in Haste, Repent at Leisure

In the spirit of the 20th anniversary of SCM, “Legal Files” has compiled a list of the top 20 traps that sellers and buyers of collector cars can fall into. I’ll split the list in half, with ten each for sellers and buyers. The Sellers’ Top 10 When you’re the […]

Reality Bites Hulk Hogan

Hogan signed his son Nick’s driver’s license application, and will likely be held liable for injuries attributable to Nick’s negligence {vsig}2008-8_2213{/vsig} Hulk Hogan and his family are currently defending a multi-million-dollar lawsuit that arose from his son Nick’s crash of his modified Toyota Supra. The crash left his passenger and […]

In VIN Veritas

As he figures out the GT350 is rebodied, the shop owner is overheard by a CHP officer, who begins an inquiry {vsig}2008-7_2200{/vsig} What do you do with your authentic, vintage Shelby GT350 when it’s so rusty it’s beyond repair? Some Shelby owners think the answer is pretty simple-just rebody it. […]

He Won the Bid, Not the BMW

If you’ve been tracking the legal analysis, you probably think the buyer is going to get the BMW. Sorry, you’re mistaken about that {vsig}2008-6_2188{/vsig} BMW’s new M3 sport sedan offers very impressive performance in an appealing package. At an MSRP of approximately $70,000, they fly out of dealers’ showrooms, and […]

When “As Is” Isn’t Enough

Just inside the statute of limitations, James was served with a lawsuit claiming fraud, misrepresentation, and breach of warranty Here’s another true story. We’ve given the subjects fake names, but the story is otherwise accurate. Let’s call our dealer this month James. He had been doing quite well selling collector […]

When Title Tricks Won’t Wash

California extradited the Titles Unlimited president from Alabama. He was convicted and spent a year in jail Say you hit the proverbial collector car lottery and find a 1957 Porsche Speedster that has been sitting in a barn for 40 years. The only problem is that the farmer lost the […]

“Fun Run” Anything But

The owner’s friend wrecked his car, but the owner’s policy pays the claim, his premiums go up, and possibly his policy gets cancelled {vsig}2008-3_2149{/vsig} Ever borrow a friend’s valuable car and worry that something bad might happen? Here’s a case where it did. As usual after the completion of the […]

Carrera GT Crash Hits a Nerve

The ink wasn’t even dry when the email inboxes, telephone lines, mailbox, and other forms of communication got red hot The “Legal Files” column in the December 2007 issue of SCM, which discussed the $4.5m settlement of the Carrera GT fatal crash lawsuit, hit a nerve within the SCM community. […]

Faith in System Restored (and also a Car)

An expert examined the Jaguar and concluded much work was substandard, and the owner had been overcharged by at least $17,000 An SCM subscriber, whom we’ll call Bill, has been a car guy for a long time and has owned a Ferrari Daytona, a 289 Cobra, and a 1960 Jaguar […]

Carrera GT Crash Settled for $4.5 Million

The attorney points out that the typical SCM subscriber, a car enthusiast who holds fast cars and racetracks dear, will never make it onto this jury {vsig}2007-12_2108{/vsig} Last summer, “Legal Files” reported about a lawsuit resulting from the fatal crash of a Porsche Carrera GT at a club track day […]