The plaintiff brought a motion for summary judgment to enforce a vendor take-back mortgage, promissory note, and personal guarantee following the sale of a coin laundry business to the defendants.
The defendants opposed the motion and brought a cross-motion for production of financial records, arguing the plaintiff misrepresented the business's income.
The court granted the plaintiff's motion, finding no genuine issue for trial.
The court enforced the entire agreement clause in the purchase agreement, noting the defendants had ample opportunity to conduct due diligence, verify the income, and walk away from the transaction before closing.