Purchase & Sale lawsuit

[guestposter]

hi, i just got a letter from a lawyer claiming that i tricked someone into buying my business back in april. He claims that i lied to him about the income, but he had only opened for about two weeks. I dono what to do now

 

[Michael Wechsler]

We have no idea what to do either. If you committed fraud in the sale of your business, it doesn't matter that the victim only opened for two weeks. You're responsible for the fraud and the buyer could sue for the entire purchase price plus any additional and foreseeable damages that they incurred, such as costs to investigate the business, any losses currently running the business, etc.