Legal Question in Business Law in New York

Prior owner lies, cheat & steals from new owners

What are the chances of new owner winning a lawsuit against prior owner, when prior owner 1) holds promissory note for 1/2 of purchase price, 2) allowed new owner to work off his floor plan for 1st year as part of the purchase agreement, 3) tries to recruit key machanic after sale, 4) charges new owner for iterest of floor plan items that were not at dealership, 5) would not provide statements/invoices for items owed, and 6) did not pay floorplan providers in a timely manner and blamed new owners for delay in payments and or nonpayments


Asked on 6/22/07, 1:57 pm

2 Answers from Attorneys
Meyer Silber The Silber Law Firm, LLC

Re: Prior owner lies, cheat & steals from new owners

It is impossible to give you any meaningful feedback based on the information that you provided. It sounds like you have a dispute with a seller and that you have some leverage because you owe him money. Beyond that, please feel free to contact me to discuss this further.

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Answered on 6/22/07, 2:06 pm
Mark S. Moroknek Kelly & Curtis, PLLC.

Re: Prior owner lies, cheat & steals from new owners

I assume you refer to the dealership as the object of ownership. You never actually say in your question, which among other reasons makes it hard to answer.

I don't think its possible to adequately analyze your chances of success based on a confusing question. You need to make an appointment and come in to discuss the problem with your paperwork and contract.

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Answered on 6/22/07, 6:09 pm


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