QUESTION
I own a restaurant, sold the equipment, all papers signed by buyer/new owner to take over as of 8/5/13.
Asked on Aug 05th, 2013 on Business Law - California
More details to this question:
Gave keys to landlord. The buyer has not called or given me a check, is his the legal owner as of 8/5/13 because he signed all the papers and can I go after him for the agreed purchase price?
1 ANSWER
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Assuming the contract calls for immediate payment of the purchase price, you can certainly "go after him for the agreed purchase price." Hopefully, there was a written agreement that included a clause providing that the prevailing party to a dispute will be entitled to attorney's fees in addition to damages.
Answered on Aug 07th, 2013 at 7:05 PM