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just bought a biz have legal question

Discussion in 'Business Operations' started by Amco Landscaping, Apr 8, 2013.

  1. wilnip

    wilnip LawnSite Member
    Posts: 6

    Tell him to keep the mower unless somewhere in the contract it states that you are buying his debt as well as the equity. I base my opinion on no legal training. Just common sense. Good luck.
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  2. grandview (2006)

    grandview (2006) LawnSite Gold Member
    Posts: 3,466

    Well you could then get a refund of 10k.
  3. Colaguy

    Colaguy LawnSite Senior Member
    Posts: 599

    Yes. Obviously you signed a legally binding contract. I think you'd better go see a lawyer asap. A lawyer might be able to get the mower loan transferred despite what the seller says.

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