misleading affidavid, it is sufficient grounds to cancel sales contract
If seller of a business signs an affidavit of no creditors and turns out to be misleading, is it sufficient grounds for buyer to cancel escrow and sales contract.
What if in the affidavit there is an indemnification.
Indemnification. If, contrary to no security interest, no creditors, no claims as stated of this affidavit, there are any security interests or other liens, debts, liabilities or claims, Seller and the signer of this affidavit will remove the encumbrances, pay the debts, liabilities or claims, and protect Buyer from any loss or liability.