Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Michael South sold his bakery to Marlene Little for $200,000. The purchase of the business included all appliances used in the running of the bakery.

Michael South sold his bakery to Marlene Little for $200,000. The purchase of the business included all appliances used in the running of the bakery. South still owed $25,000 to Gray's appliance for the cost of the appliances, and he was making monthly payments in the amount of $300. Little agreed to make the payments to Gray's when she bought the bakery. Little paid $300 for the first six months but failed to make the monthly payments after that time. After they did not receive payments for three months, Gray's filed a lawsuit against South for the unpaid payments. South claimed he didn't owe anything. What is the probable outcome of the lawsuit?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Law Express EU Law

Authors: Ewan Kirk

7th Edition

1292295651, 978-1292295657

More Books

Students also viewed these Law questions