Legal Question in Business Law in New York

what if I bought a resturant as a business and the owner did not disclosure that he was dumping sewage into a protective wildlife preserve from the resturant,if I had known I would never have bought the business is there recourse


Asked on 9/03/11, 9:22 am

1 Answer from Attorneys
Roman Fichman Esq. Law Practice of Roman Fichman Esq.

Much of it depends on the purchase agreement you signed with the seller. Many agreements contain representations and warranties (i.e. promises) made by the seller that the business is in compliance with all laws and ordinances. Some agreements even specify a recourse to such a breach. So the first step would be to examine the purchase agreement.

If the purchase agreement does not address this scenario, then you can sue the seller for misrepresenting the well being of the business and possibly even for fraud.

Feel free to contact my office at your earliest convenience to further discuss this matter.


Roman R. Fichman, Esq.

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Answered on 9/03/11, 9:49 pm


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