Legal Question in Business Law in Michigan

electronic fund transfer

I own a business and signed a contract with a online vendor agreeing to have x amount of $ withdrawn on amonthly basis in exchange for their product, they did it once and have not done it for a number of months since, i did not find out until recently and the balance due would be substantial, do i owe it (plus late fees)?


Asked on 4/19/08, 9:48 am

2 Answers from Attorneys
Peter Torrice Canu, Torrice & Zalewski, PLLC

Re: electronic fund transfer

Maybe not late fees, but you definitely owe for the product that you received. Just because the company did not take the money out of the account does not mean that you get the product for free.

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Answered on 4/19/08, 10:15 am
Timothy Klisz Klisz Law Office, PLLC

Re: electronic fund transfer

if you have received the product, you owe the funds. You should discuss it with them immediately. A payment plan might be in order. Visit www.kliszlaw.com for more info or to contact me. Tim Klisz

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Answered on 4/19/08, 10:23 am


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