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Earnest Money on sale of inventory

Sent to General Experts August 07, 2006 11:59 p.m.

I asked for earnest money to secure the sale of my business inventory. The buyers want to hold the earnest money until closing and take it off like it is a down payment. How is earnest money usually done? I was under the impression that they gave me the earnest money- non refundable- so that they would obtain my promise not to sale to other parties.

Customer (name blocked for privacy)

Status: Closed Value: $9

Answer
August 08, 2006 11:50 p.m. (23 hours and 51 minutes later)

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