Legal Question in Business Law in Michigan
The company where we rented my child's musical instrument from went bancrupt. We have received a letter from another local music store ask us to pay them rental for the instrument. We have never been in contact with this company before and have no written agreement or contract signed with them. Are we legally bound to them in any way?
2 Answers from Attorneys
Depends upon what your rental agreement with the original company states. Does it have any assignment clause? In what capacity is this company asking for a payment? Is your orginal company still in business but under bankruptcy or did they close doors.
We'd be happy to review your agreement(s) including any notice you might have received from both of them.
The other attorney is right on point. You would not be obligated to the other company unless there was a written rental agreement with the original company that was assigned. Consult with an attorney in your area for specifics.
Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise
Franchise Attorney
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