How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask lwpat Your Own Question
lwpat, Attorney
Category: Business Law
Satisfied Customers: 25386
Experience:  Attorney with over 35 years of business experience.
Type Your Business Law Question Here...
lwpat is online now
A new question is answered every 9 seconds

Buying a Buisness

Customer Question

Short story,

I have been dealing with purchasing a business from someone.

They jumped the gun and signed papers with another buyer 3 days before I could secure my funds. They really want to sell to me. Can they back out of their deal?

What options does the seller have?
Submitted: 7 years ago.
Category: Business Law
Expert:  lwpat replied 7 years ago.
You can offer to buy out the other purchaser. Otherwise a contract is a contract. Unless the buyer breaches, the seller is obligated to sell to them. If he doesn't, they can sue him. Sorry

Related Business Law Questions