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Article
Forgiving Principal in a Purchase Price Reduction
Agricultural Law Digest
  • Neil E. Harl, Iowa State University
Abstract
For purchasers of property unable to make payments as required by the obligation, a purchase price reduction may be a possible solution. If the debt of an original purchaser of property is reduced by the original seller of the property, the adjustment is treated as a purchase price adjustment and not as a discharge of indebtedness if the debtor is solvent.
Publication Date
5-8-1992
Citation Information
Neil E. Harl. "Forgiving Principal in a Purchase Price Reduction" (1992)
Available at: http://works.bepress.com/neil-harl/116/