C
childconsign
Guest
What is the name of your state? FL
I recently sold the 'assets only' of my business. Which included fixtures, database, remaining lease, and inventory.
At the time of sale it was thought that there was more inventory on the floor than what seems to be now due to an error in the database.
Closing was 10/29 - the check has cleared.
Do I, the seller, have to reemburse the buyer for the incorrect inventory amount even after the buyer OKed all documents prior to the purchase?
Or since it was an assets only sale, does the buyer have to eat the cost of the mistake not caught by either parties prior to closing?
Does the buyer have a right to sue the seller?
I hope that you can provide advice on this subject.
I recently sold the 'assets only' of my business. Which included fixtures, database, remaining lease, and inventory.
At the time of sale it was thought that there was more inventory on the floor than what seems to be now due to an error in the database.
Closing was 10/29 - the check has cleared.
Do I, the seller, have to reemburse the buyer for the incorrect inventory amount even after the buyer OKed all documents prior to the purchase?
Or since it was an assets only sale, does the buyer have to eat the cost of the mistake not caught by either parties prior to closing?
Does the buyer have a right to sue the seller?
I hope that you can provide advice on this subject.