Legal Question in Business Law in Virginia

Sales Contract

What is the consequences if I back out of a signed sales contract?


Asked on 3/04/07, 12:18 am

2 Answers from Attorneys
Robert Strupp Robert J. Strupp,Attorney at Law, PLC

Re: Sales Contract

Absent some permissable cause,backing out of a contract may be a breach. The consequences may or may not be spelled out in the language of the contract. More information is needed to give you a full answer.

Best Wishes,

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Answered on 3/04/07, 4:15 pm
Ruth Emily Kochard Ruth Emily Kochard, Counselor at Law

Re: Sales Contract

While from the situation you have described there would be a "breach" of contract, it is impossible to fully address your concerns without knowing the terms of the contract, and your position (buyer or seller).

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Answered on 3/04/07, 1:22 am


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