Quote:
Originally Posted by AllJackedUp
Our (unsubstantiated) information indicates that both parties agreed to the offset (ie: knock it off what I owe you)
So theoretically you could sell 100k worth of parts to a
Company on 28 days credit, then buy 50k worth of stock from them, also on 28 days credit.
They could take you to court for not paying the 50k before the deadline and the other deal would be irrelevant in the eyes of the court and you could be ordered to pay?