If I lent someone an item and it broke while in their possession, do I have any legal options to receive compensation?
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If I lent someone an item and it broke while in their possession, do I have any legal options to receive compensation?
Asked on February 13, 2012 under Bankruptcy Law, Wisconsin
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
If you loaned a person a particular item to use and he or she broke the item where it cannot be fixed, the person that broke the item would be responsible to you for the fair market value of the object at the time of break. If the item can be repaired, this person would be responsible for the costs of repair.
Your option may be filing an action in small claims court if the costs to repair or the value of the item is not presented to you by the person who broke the item.
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