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When friendly arrangements turn sour

 I bought a 41 foot power boat two years ago with the help of a friend who loaned me the money for 80 percent of the purchase price. He funded the transaction by taking out a home equity loan, and our arrangement called for me to make the payments on his loan. Unfortunately he never showed me his loan paperwork and I recently discovered that the amount of his home equity loan was substantially more than the amount that he gave to me for the boat purchase. This entire deal was done on a handshake and at this point I have no idea how much I owe him. He refused to give me a detailed accounting of my payments or of his home equity loan, so I stopped making my payments to him. He responded by putting a lien on my boat through the Coast Guard. What are my legal rights at this point?


What are my legal obligations if my boat runs aground?

 I own a deep draft racing sailboat and several weeks ago the boat ran aground at high speed in shallow water near a harbor entrance. The force o ...

How to proceed with a lien sale

I bought a 40 foot motor yacht at a lien sale at a marina in Northern California. The lien sale company provided all the paperwork, including a copy o ...

Do I need workers compensation insurance?

I own a construction company that is performing seismic upgrades and electrical work on a fuel dock at a marina in the Bay area. I have workers compe ...

Hire Reputable Boat Surveyors

I was horrified to learn last month that my boat had sunk while it was tied up in its slip. Now I am having a dispute with my insurance company becaus ...

Where Do I Begin to Prepare for the Purchase of My First Boat?

I am considering the purchase of an extremely well maintained late-model motoryacht that is Coast Guard documented. This is my first boat purchase, so ...

How Can I Resolve a Dispute Over Commission Paid to a Broker?

I am trying to help my parents with a problem that developed in connection with the recent sale of their boat. The boat was listed with a broker in So ...

Recreational Sailboat vs. Tugboat with Barge: Who Has the Right of Way?

I own a sailboat that I keep at a marina in San Diego. We had an encounter in the bay last month with a tugboat that was pushing a barge, and there wa ...

Trying to Sell a Boat When No One Is Alive to Sign the Bill of Sale

My father passed away last month and I am working to get his affairs in order. He owned a sailboat, which he purchased three years ago. But after his ...

Must Marine Insurance Value Be Based on a Boat’s Purchase Price?

I am applying for insurance on a boat that I just purchased. The insurance applications require a lot of information, but I was wondering about the si ...

Are Boating Anglers Liable for Injuries Caused by a Trolled Fishing Line?

On a recent trip to Catalina, we were motoring our inflatable dinghy outside of the moorings, but fairly close to the harbor. Another boat passed in f ...

What Rules Determine a Race Committee Boat’s Liability in a Collision?

I am on the race management committee for my yacht club and I have a question concerning possible exposure of the club and its volunteers to liability ...

Is an MCA License Adequate to Captain a Foreign-Built Charter Boat?

I am considering the purchase of a foreign-built yacht that I would like to operate as a charter yacht in California. The boat is now U.S.-flagged wit ...

Is There a Statute of Limitations for a Maritime Mechanic’s Lien?

Several months ago, I inherited a classic boat from my father when he passed away. I am interested in selling the boat -- but when my yacht broker rev ...

Is a USCG Certificate of Inspection Required for a Nonprofit Group’s Boat?

I volunteer for a nonprofit organization in Northern California whose services include taking inner-city kids and their parents out for tours of San F ...

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