Re: When you trade a firearm...
Posted: Thu Feb 25, 2010 4:47 pm
OK folks, tone it down or the thread WILL be locked. No more warnings. 

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Bona Fide Purchaserchabouk wrote:Are you sure about that?marksiwel wrote:As far as how the Law works, If you steal a Car, sell it to a dealership, I then go to that dealership and buy it "In Good Faith" the Car is mine.
The Orignal owner of the Car may collect the amount of the Car from the Dealership. I cannot be sued (more or less)
Isnt the Law fun?
It's been a long time since I studied business law, but it was a basic tenet that you can't pass bad title. If the title is bad, it reverts all the way back up the line to the rightful owner, and each person in the chain has to seek remuneration from the party they dealt with.
If I write a bad check to you, and you sign it over to a third party, who then deposits it to their bank and take out the cash, when the check bounces they're not coming after me, nor you: they're going after their customer who deposited it. His recourse then is to collect the money from you, and yours is to collect it from me.
I disagree. I bought and sold a lot on craigslist and never got or gave a bill of sale. I did go with a buyer one time to transfer title on a car but we didn't do more paperwork than required by law.chartreuse wrote:I dunno about that. I think that, sometimes, we all get tunnel vision on guns as guns and forget that guns are also property. Typically, we insure our property. Most of us wouldn't buy or sell a TV or a car without getting or giving some sort of bill or receipt, so why don't we do that with guns?
Could be. Or it could be that I'm just extremely mistrustful of insurance companies.Trinitite wrote:I disagree. I bought and sold a lot on craigslist and never got or gave a bill of sale. I did go with a buyer one time to transfer title on a car but we didn't do more paperwork than required by law.chartreuse wrote:I dunno about that. I think that, sometimes, we all get tunnel vision on guns as guns and forget that guns are also property. Typically, we insure our property. Most of us wouldn't buy or sell a TV or a car without getting or giving some sort of bill or receipt, so why don't we do that with guns?
Maybe I live in an honest city.
You might have missed a line in that web site. It mentions "depending on the laws of the relevant jurisdiction". At least here in Texas, if you sell a stolen gun, even as a licensed dealer, you lose both. The buyer loses what he gave you and loses the gun. The dealer loses the gun and whatever he paid for it. The gun is returned to the original legal owner by the police department.marksiwel wrote:Bona Fide Purchaser
You have to give value to its different than a check
http://en.wikipedia.org/wiki/Bona_fide_purchaser" onclick="window.open(this.href);return false;
You buy it from the Pawn Shop its yours, be it a car/gun/guitar ect
This must be Texas law, because under Common Law of the US you keep what you purchase and become the true owner.srothstein wrote:You might have missed a line in that web site. It mentions "depending on the laws of the relevant jurisdiction". At least here in Texas, if you sell a stolen gun, even as a licensed dealer, you lose both. The buyer loses what he gave you and loses the gun. The dealer loses the gun and whatever he paid for it. The gun is returned to the original legal owner by the police department.marksiwel wrote:Bona Fide Purchaser
You have to give value to its different than a check
http://en.wikipedia.org/wiki/Bona_fide_purchaser" onclick="window.open(this.href);return false;
You buy it from the Pawn Shop its yours, be it a car/gun/guitar ect
I have done this with both guns and cars in Texas. When we find stolen property, the state takes custody of it until it is returned to its lawful owner. With cars, as a general rule, the insurance company pays the claim and gets the car. I have never had that happen with a gun yet, but I guess a good household contents policy could do the same thing.
And I have recovered guns stolen years before. The oldest I have ever recovered a stolen car was two years old. That was a smart thief because he stole the same year, make, and model for his own car. I only noticed when I was comparing the VIN from the registration to the car before impounding it. well, I guess he might not have been too smart because I was impounding it after arresting him for unpaid tickets.
Or it shows up in auction when the owner has taken the insurance payment and doesn't want it back. My dad had a few stolen during an extended burlary, the insurance paid up. Later as some were recovered, he had told the PD the insurance paid for them and they went to auction. Well, he changed his mind and went to the auction to buy his favorites back. I can't remember exactly but it seemed he came out slightly ahead. Some legacy stuff (generations in the family) was never recovered.srothstein wrote:<SNIP>
I have done this with both guns and cars in Texas. When we find stolen property, the state takes custody of it until it is returned to its lawful owner. With cars, as a general rule, the insurance company pays the claim and gets the car. I have never had that happen with a gun yet, but I guess a good household contents policy could do the same thing.
And that's something that no insurance policy can ever make right.Dragonfighter wrote:Or it shows up in auction when the owner has taken the insurance payment and doesn't want it back. My dad had a few stolen during an extended burlary, the insurance paid up. Later as some were recovered, he had told the PD the insurance paid for them and they went to auction. Well, he changed his mind and went to the auction to buy his favorites back. I can't remember exactly but it seemed he came out slightly ahead. Some legacy stuff (generations in the family) was never recovered.
Nemo dat quod non habet, can't sell what isn't yours. Even if it was sold in "good faith", BFP doesn't become true owner because the property was converted so seller never had actual title to sell. BFP would be left returning property and suing under an implied warranty theory against seller...implied that the goods were sold in good faith free of any defect, which in fact they weren't.marksiwel wrote:This must be Texas law, because under Common Law of the US you keep what you purchase and become the true owner.srothstein wrote:You might have missed a line in that web site. It mentions "depending on the laws of the relevant jurisdiction". At least here in Texas, if you sell a stolen gun, even as a licensed dealer, you lose both. The buyer loses what he gave you and loses the gun. The dealer loses the gun and whatever he paid for it. The gun is returned to the original legal owner by the police department.marksiwel wrote:Bona Fide Purchaser
You have to give value to its different than a check
http://en.wikipedia.org/wiki/Bona_fide_purchaser" onclick="window.open(this.href);return false;
You buy it from the Pawn Shop its yours, be it a car/gun/guitar ect
I have done this with both guns and cars in Texas. When we find stolen property, the state takes custody of it until it is returned to its lawful owner. With cars, as a general rule, the insurance company pays the claim and gets the car. I have never had that happen with a gun yet, but I guess a good household contents policy could do the same thing.
And I have recovered guns stolen years before. The oldest I have ever recovered a stolen car was two years old. That was a smart thief because he stole the same year, make, and model for his own car. I only noticed when I was comparing the VIN from the registration to the car before impounding it. well, I guess he might not have been too smart because I was impounding it after arresting him for unpaid tickets.
If you were put in a postion where you bought something that turned out to be stolen and the state took it from you, you can sue and it might make it to the supreme court. As long as you purchase it in good faith
Mark,marksiwel wrote: This must be Texas law, because under Common Law of the US you keep what you purchase and become the true owner. If you were put in a postion where you bought something that turned out to be stolen and the state took it from you, you can sue and it might make it to the supreme court. As long as you purchase it in good faith
Thank you, gentlemen. Mark's link had me scratching my head, because I knew it conflicted with what I had been taught (and with what seems to be "the right thing").grad_Student wrote:Nemo dat quod non habet, can't sell what isn't yours. Even if it was sold in "good faith", BFP doesn't become true owner because the property was converted so seller never had actual title to sell. BFP would be left returning property and suing under an implied warranty theory against seller...implied that the goods were sold in good faith free of any defect, which in fact they weren't.marksiwel wrote:This must be Texas law, because under Common Law of the US you keep what you purchase and become the true owner.srothstein wrote:You might have missed a line in that web site. It mentions "depending on the laws of the relevant jurisdiction". At least here in Texas, if you sell a stolen gun, even as a licensed dealer, you lose both. The buyer loses what he gave you and loses the gun. The dealer loses the gun and whatever he paid for it. The gun is returned to the original legal owner by the police department.marksiwel wrote:Bona Fide Purchaser
You have to give value to its different than a check
http://en.wikipedia.org/wiki/Bona_fide_purchaser" onclick="window.open(this.href);return false;
You buy it from the Pawn Shop its yours, be it a car/gun/guitar ect
I have done this with both guns and cars in Texas. When we find stolen property, the state takes custody of it until it is returned to its lawful owner. With cars, as a general rule, the insurance company pays the claim and gets the car. I have never had that happen with a gun yet, but I guess a good household contents policy could do the same thing.
And I have recovered guns stolen years before. The oldest I have ever recovered a stolen car was two years old. That was a smart thief because he stole the same year, make, and model for his own car. I only noticed when I was comparing the VIN from the registration to the car before impounding it. well, I guess he might not have been too smart because I was impounding it after arresting him for unpaid tickets.
If you were put in a postion where you bought something that turned out to be stolen and the state took it from you, you can sue and it might make it to the supreme court. As long as you purchase it in good faith
It is the "right thing," chabouk, and as is usual, your speculation as to what the law is, is correct. Why? Because it is the "right thing," whence came much, if not almost all, of our common law.chabouk wrote: Thank you, gentlemen. Mark's link had me scratching my head, because I knew it conflicted with what I had been taught (and with what seems to be "the right thing").
I only had time to do a brief search of the Texas statutes, so I didn't find an answer, but in the PC section on Theft it states that a stolen thing seized by police retains its "stolen" status. I assume that to mean that the person from whom it was stolen is entitled to recover it from the police.