Lawyers.com > Discuss Your Legal Issue > Ask a Lawyer > Business Law > Can I deny a customer from redeeming a gift card that was sold by the previous management?

Can I deny a customer from redeeming a gift card that was sold by the previous management?

1 Answers. Asked on Dec 13th, 2016 on Business Law - Texas
More details to this question:
There's no expiration date on the gift certificate and the previous owner is the one that took the money from the customer, not me so that's why I'm not accepting the gift certificate.
Answers Showing 1 out of 1
Answered on Dec 13th, 2016 at 3:16 PM

You say the previous owner signed the gift certificate , presumably at the time when the previous owner owned the business.  If the business issuing the gift certificate is the same entity and just has a new owner (i.e. if the business is xyz corporation and you bought all the stock of xyz corporation), it is still obligated on the gift certificate.  If the business is now a completely separate entity which merely bought the assets of the previous owner (i.e. the previous business was xyz corporation but abc corporation bought its inventory, goodwill, receivables, etc.) and didn't assume any of its liabilities, then it may not be responsible for the gift certificate.  However, whether technically liable or not, I would think that the damage to goodwill from not honoring a gift certificate would be a lot higher than the cost of the goods bought with the card.

Report Abuse
Business Law
Beginning on the day a new business is launched, it will encounter a host of legal issues. From selecting the optimal business structure to negotiating contracts, from ensuring that the company's name doesn't infringe on another business's intellectual property to hiring new employers--almost everything that small business owners do touches on some aspect of business law. As a company owner or manager, your focus should be on successfully running and building a business. A law firm that focuses on business law will have attorneys who have a broad cross-section of experience on the myriad legal issues that affect all businesses, large and small.
Have an Business Law Question?
It’s Free & Easy.
Ask a Lawyer
Top Contributing Lawyers
Mark Tischhauser, Esq.

Attorney - Florida

311 Answers, 20 Legal Topics

Patrick Johnson

Attorney - Tennessee

224 Answers, 44 Legal Topics

Michael D. Siegel

Attorney - New York

175 Answers, 24 Legal Topics

Anthony John Van Zwaren, Esq.

Attorney - New Jersey

110 Answers, 19 Legal Topics

Lori Nevias

Attorney - New York

75 Answers, 27 Legal Topics

Mr. Max L. Rosenberg

Attorney - Connecticut

69 Answers, 33 Legal Topics

Bruce Robins

Attorney - New York

64 Answers, 9 Legal Topics

Have a legal question?
Get answers from local attorneys.
It's free and easy.
Ask a Lawyer
Do It Yourself Legal Forms
Go

Popular Forums