Misrepresentation Claim Defeated When Buyer Performed Some Independent Due Diligence

Business Valuation Update BVLaw
Legal and Court Case Update
January 10, 2000

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fraud
Don Cannon and Mary Lee Cannon v. Wendy March
No. M1999-02112-COA-R3-CV (Tenn. App. 2000)
US
State Court
Tennessee
Court of Appeals
Cain

Summary

The Tennessee Court of Appeals agreed with the trial court that March did not misrepresent the restaurant's income in connection with her sale of the restaurant.

See Also

Don Cannon and Mary Lee Cannon v. Wendy March

Full Text of Court Cases
January 10, 2000

The Tennessee Court of Appeals agreed with the trial court that March did not misrepresent the restaurant's income in connection with her sale of the restaurant. It found that March was a sophisticated businessman who performed some financial due diligenc ...