Case-legally repossessing the automobile


Case Problem:

James Koontz agreed to purchase a Plymouth Sundance from Chrysler Credit Corporation (Chrysler) in exchange for sixty payments of $185.92. Koontz soon thereafter defaulted and Chrysler notified Koontz that, unless he made the payments, it would repossess the vehicle. Koontz responded by notifying Chrysler that he would make every effort to make up missed payments, that he did not want the car repossessed, and that Chrysler was not to enter his private property to repossess the vehicle. A few weeks later, Chrysler sent the M & M Agency to repossess the vehicle. Koontz, dressed only in his underwear, came outside and yelled, ‘‘Don’t take it!’’ The repossessor ignored him and took the car anyway. Koontz did not physically challenge or threaten the repossessor. Discuss whether Chrysler legally repossessed the automobile.

Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.

Request for Solution File

Ask an Expert for Answer!!
Business Law and Ethics: Case-legally repossessing the automobile
Reference No:- TGS01972933

Expected delivery within 24 Hours