QUESTION
my fiance transferres his bar, liquor license into his sons name on a verbal contract that he would handle his dads money affairs beacause of a felony
Asked on Nov 26th, 2012 on Business Litigation - Ohio
More details to this question:
now the son wont even correspond with his father. how can we get the bar back? what legal action can be taken? we do have the owner of the premiese to back us up on the transfer and also know then was only down because of the felony. the sonn cant prove he bought the bar and the dad can. it was all verbal contract.
1 ANSWER
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The son has a decent claim that the bar was transferred to him as a gift. A gift is complete upon transfer and is not subject to re-transfer absent an agreement to that effect. An oral agreement is worth the paper it's printed on. See an attorney.
Answered on Nov 26th, 2012 at 9:59 PM