Legal Question in Business Law in Illinois
If a buyer of a business purchases all of the assets and none of the liabilities of business how is leased personal property treated in the absence of a specific clause in the purchase agreement?
Asked on 11/22/09, 2:45 pm
1 Answer from Attorneys
Burton Padove
Indiana and Illinois Lawyer, Burton A. Padove
That may depend on who drafted the document. Vagueness is construed against the drafter.
Answered on 11/27/09, 3:22 pm
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