Legal Question in Business Law in Florida
Breach of contract
I sold my 50% share of my llc to my partner in Oct. '08. In the contract he was to repay a personal loan given to us by my mother (on a monthly payment). He has been delinquent for 4 months now and will not respond to her or I. Do I have grounds for Breach of Contract? Can she file a judgement against them or a lien?
Asked on 1/13/09, 5:02 pm
1 Answer from Attorneys
Hunter Chamberlin
Chamberlin Butler & Crowe, P.A.
Re: Breach of contract
It sounds like either you or your mother would have "standing" to sue for breach of contract.
The process by which you proceed depends on a number of things, including the amount of the loan which is to be repaid, and the language in the contract.
If you would like to discuss the possible claims you may have further, please contact me at your convenience.
Answered on 1/13/09, 6:05 pm
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