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Contract dispute in train car sale leads to litigation

Camden residents are used to the sights and sounds of trains -- both for passengers and for freight -- as they wind their ways across New Jersey. Business owners in particular understand the crucial role that the railroads have played -- and still do play -- in the development of our communities here on the East Coast and throughout the country.

It may be interesting, then, to note the recent story of a contract dispute involving a railroad museum in one southern state. The museum entered into a contract to sell a pair of train cars to the defendant back in June of 2012. The defendant company agreed that, after receiving the cars, it would pay $46,000 for them within three days.

However, the museum claims that the company offered to pay back the money plus five percent interest if it could have until the end of March, 2013, to pay it back. The museum acknowledges receiving payments totaling just under $1,400, but nothing more; they are now suing the defendant company for full compensation, plus interest, legal fees and other costs.

This is an example of how a business owner (or owners) may have all of the skills, knowledge and passion to run a successful operation, yet find that a breach of contract leaves them out in the cold. Business transactional law is necessarily a complicated matter, and just as business does not stand still, the law is constantly evolving as well. The unfortunate reality is that, at some point in their careers, many Camden business owners will find themselves left needing to enforce a contract through litigation that another party has breached.

In situations like this, a business and commercial professional can advise business owners on just what rights and options they have available under New Jersey law. Regardless of what type of business, no one should find their business struggling after falling victim to a breach of contract.

Source: The Southeast Texas Record, "Galveston Railroad Museum sues for breach of contract," Ben Hart, May 8, 2014

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