1. Initial purchase and sales agreement for (1) purchase of real estate and (2) business operations of store.
2. Bank financed real estate. Business operations financing not obtained by certain date. Seller financed on interim basis but "switched" original contract language to business assets.
3. Arrangement outside of contract for previous owner to continue operating business for new owners. No formal agreement but this arrangement ensued. Previous owner paid monthly sum by check to new owners for 1 - 2 yrs.
4. Then previous owner unilaterally ceased business operations, including workers that directly impacted customer relations, took permits and other business assets. New owners left owing seller note that defaulted due to no business operations. Seller won judgment on cognovit note.
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