Legal Question in Business Law in Wisconsin

If u buy a rental business and its assets and the a yr later the old owner claims he still owns a piece of equipment and wants it back who really owns it?


Asked on 7/13/10, 9:54 am

1 Answer from Attorneys
Kevin B. Murphy Franchise Foundations, APC

Any attorney will say it all depends on what your contract of sale says. In a sale of assets, all the assets sold are listed in an exhibit to the contract of sale. If you bought stock, then you purchased all assets (and liabilities). Consult with a good business attorney in your area for specific advice.

Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise

Franchise Attorney

Read more
Answered on 7/13/10, 1:57 pm


Related Questions & Answers

More Business Law questions and answers in Wisconsin