My Worst Day

[Vigilante]

The employment contract had all the money transfer promises in there. There was a clause of merger and integration in the first contract which basically meant that anything else other than that contract, including the employment contract had no influence over it.

Basically the first contract was immune to any outside intervention. I'm talking from intuition but this is what @Vigilante said in the podcast.

Correct.

 

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[farmer79]

This is interesting Vigilante. I was sharing your story with my father and he said “this reminds of a ranch story from a neighbour of ours in the 80’s .”(Alberta, Canada where we are from)

Anyways a smooth operator convinced a retiring rancher of a nice small ranch to sell the whole ranch including cattle to him. He explained he would have an easier time financing the land rather than cattle so they had 2 contracts and they inflated the price of the land and sold the cattle at around a 1/4 discount. But not so cheap that it looked ridiculous. So the guy just turned around sold the cattle (pocketing roughly 25k, he had purchased about 100k of cattle for 75k) and then said he couldn’t close on the land because he couldn’t get financing.

Thanks again for sharing, a good reminder to be hyper vigilant on contracts.