I signed a non cancellable commercial equipment lease. My business closed before the equipment was delivered. Am I obligated to continue the lease?
1 Answer from Attorneys
That depends. Was the business a corporation? A sole proprietorship? Something else? What was your role there? (Were you the owner, an officer, a director, an employee, etc.) Why did the business close? If it was a corporation that you owned, did you mingle its funds with yours? You haven't given us enough facts to answer the question.