For the sea and air lawyers....is this legal to sell if the seller can't guarantee the title is clear?
Quote:
TERMS OF THE SALE:
•Aircraft is sold “AS IS” with no Warranty Expressed or Implied.
•A $1000.00 NON-REFUNDABLE DOWN-PAYMENT by Certified U.S. Funds is required within two (2) business day of End of Auction and successful winning bid, via Fedex, USPS Priority Mail, etc. Down payment will be applied towards the final balance.
•Buyer will then have ten (10) days to inspected the aircraft.
•Buyer may cancel the sale for any reason without negative feedback, however the $1000.00 Down-payment is non-refundable to cover miscellaneous cost to remove aircraft from the market, including but not limited to eBay fees.
•Aircraft to be picked up in at the Franklin Municipal-John Beverly Rose Airport, Franklin, Virginia (KFKN).
•Balance of the winning bid in Certified U.S. Funds acceptable by seller is due within fourteen (14) business days of close of Auction or when aircraft is picked up whichever occurs first
•Seller will incur cost to store aircraft through the end of the month successful winning bid is place and accepted or when aircraft is removed, whichever occurs first. Buyer assumes all cost starting the first day of the new month or upon taking delivery, which ever occurs first, after successful winning bid is accepted, including but not limited to storage, tie-down fees, insurance, etc.
•Seller will execute FAA Bill of Sale form 8050-2 upon completion of transaction.
•Seller does not guarantee clear title to aircraft.
•Seller reserves the right to end Auction early.