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beckontrac

Junior Member
What is the name of your state (only U.S. law)? California.

I recently purchased a candy store. The seller signed a Disclosure Statement stating that there was nothing about the business that would negatively affect my decision on buying the business. A few days after we closed escrow the seller informed me that it was important for me and my employees to always keep an eye on all the candy bins because butterflies will get into them and lay they're eggs, which later turn into worms. When one of my employees noticed worms in one of the bins, I realized that this situation was not something I signed on for. Had I known about this problem, I assure you it would have been seen as a red flag, and I would have walked away from the deal. I have given the seller over $30,000 so far, and he is carrying a note for another $30,000. Is there a way to either get my money back, or redo the seller carry deal because the seller left out what I consider vital information pertaining to this business? I will not be able to resale this business because I would have to disclose to a potential buyer of this problem with the butterflies/worms. I am now two weeks into owning this business and so far have had to dump 5 bins of candy because of worms. Thank you

RebeccaWhat is the name of your state (only U.S. law)?What is the name of your state (only U.S. law)?
 


HomeGuru

Senior Member
What is the name of your state (only U.S. law)? California.

I recently purchased a candy store. The seller signed a Disclosure Statement stating that there was nothing about the business that would negatively affect my decision on buying the business. A few days after we closed escrow the seller informed me that it was important for me and my employees to always keep an eye on all the candy bins because butterflies will get into them and lay they're eggs, which later turn into worms. When one of my employees noticed worms in one of the bins, I realized that this situation was not something I signed on for. Had I known about this problem, I assure you it would have been seen as a red flag, and I would have walked away from the deal. I have given the seller over $30,000 so far, and he is carrying a note for another $30,000. Is there a way to either get my money back, or redo the seller carry deal because the seller left out what I consider vital information pertaining to this business? I will not be able to resale this business because I would have to disclose to a potential buyer of this problem with the butterflies/worms. I am now two weeks into owning this business and so far have had to dump 5 bins of candy because of worms. Thank you

RebeccaWhat is the name of your state (only U.S. law)?What is the name of your state (only U.S. law)?
**A: you got butterflies flying in the store?
 

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