Question
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?
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