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Larry Bowen
Joined: 09 Jan 2006
Posts: 802
Location: NC, USA
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 Posted: Mon Feb 06, 2006 7:27 pm Post subject: Liability |
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I don't think anyone has been successfully sued in the situation you
suggest. RV's are a proven design. They change hands every day. EAA has
info on how to minimize the risk. Check with them .
Life's short. Chase your dream and build it.
-
Larry Bowen
Larry(at)BowenAero.com
http://BowenAero.com
[quote] --
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_________________
Larry Bowen
RV-8 SOLD,
RV-7QB in progress... |
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brooksrv6(at)hotmail.com
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| Posted: Tue Feb 07, 2006 6:53 am Post subject: Liability |
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RE: " I don't think anyone has been successfully sued in the situation you
suggest"
You don't have to be successfully sued to lose money. I spoke with a
gentleman at a fly-in breakfast that sold a Mitchell Flying wing that was
later crashed into a tree (2 injured). He did not build the plane. The suit
was "unsuccessful" but was drawn out over 2 years and cost him $40,000 in
legal fees. Team Aircraft (Mini-Max, Airbike) was "unsuccessfully" sued but
had to close up shop when it didn't have the assets left to fight the
appeal.
I built a RV6, so i'm not trying to discourage anyone. Someone could sue you
over a used car, lose, and still cost you a small fortune.
Chris Brooks
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Ed Anderson
Joined: 10 Jan 2006
Posts: 475
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| Posted: Tue Feb 07, 2006 7:22 am Post subject: Liability |
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Good Point, Chris
Big pockets do win - most of the time.
Ed
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_________________
Ed Anderson
Rv-6A N494BW Rotary Powered
Matthews, NC
eanderson@carolina.rr.com |
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robbie(at)atlanticpkg.com
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| Posted: Tue Feb 07, 2006 8:40 am Post subject: Liability |
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"Loser Pays" would solve a lot of this stuff... but...
Robbie Walker
______________________________
Our legislators are not sufficiently apprized of the rightful limits
of their power; that their true office is to declare and enforce only
our natural rights and duties, and to take none of them from us.
-- Thomas Jefferson, Letter to F. W. Gilmer, 1816
On Feb 7, 2006, at 10:22 AM, Ed Anderson wrote:
[quote]
<eanderson(at)carolina.rr.com>
Good Point, Chris
Big pockets do win - most of the time.
Ed
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