Legal Question in Business Law in Indiana
business sale
is there a statute of limitation for a seller to go back to the buyer on a business purchase agreeement (if they feel they found inaccuracies once in the business)
Asked on 3/06/07, 4:48 pm
1 Answer from Attorneys
Burton Padove
Indiana and Illinois Lawyer, Burton A. Padove
Re: business sale
Yes, you need to contact an attorney because there may be different causes of actions and each one could have a different statute date. For example if it is a breach of contract, that is ten years generally. However, fraud is 6 years. Additionally, your contract may have a
limitation.
Answered on 3/06/07, 5:14 pm
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