Legal Question in Business Law in Indiana

Obligations to warranty After Selling a company

I recently sold a business. In my business, I made repairs and offered a one year guarentee. The person whom purchased my business, is now doing repairs on warranty calls, and trying to bill me for the re-work. I explained to him, since he now owns the biz, he also owns the warrenty. Once I formally dissolve my company, am I personally responsable to pay this guy everytime he does a warranty call on one of my repairs?

Thank you


Asked on 12/19/06, 10:08 am

1 Answer from Attorneys

Re: Obligations to warranty After Selling a company

You need to provide more information. Did you have a written contract for the sale of your company's assets? Did it provide for the assumption of liabilities? As a corporation did you follow all of the requisite legal requirements?

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Answered on 12/19/06, 10:47 am


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