Buying Consignment Store - who pays prior consignors??
I am buying a consignment store for 20K. The owner had initially said she
would issue a check at time of sale for 1800 to cover amount owed
consignors. Now she is saying that by buying the business I am buying that
liability - that its my responsibility to pay the consignors. I feel that if I am
having to pay this money then it should come off the purchase price. This is
money that she has already been paid that had been set aside for the
consignors. Any information would be very helpful!!