Legal Question in Business Law in Virginia

business contracts

I bought a business last september from someone who falsified the numbers by about 50%. Do I have any way of getting out of the contract? I will be unable to pay bills at the business or at home within a couple of months.


Asked on 7/13/06, 6:49 pm

2 Answers from Attorneys
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

Re: business contracts

I would go to the attorney you had review the contract before you signed it. I'm sure he or she will be glad to help.

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Answered on 7/13/06, 7:54 pm
Daniel Press Chung & Press, P.C.

Re: business contracts

If you can prove that the seller falsified the numbers, and that you could not have known, you may have a claim for fraud. See a lawyer asap.

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Answered on 7/14/06, 8:37 am


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