It means that the judge allowed the L2/SBI to subm
Post# of 22465
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Posted On: 06/11/2019 7:11:59 AM
Re: AustinInvestor #11858
It means that the judge allowed the L2/SBI to submit another plea to cancel the trial by jury. L2/SBI, in my opinion and based on my research, doesn't want this to go to trial. They have been found in court to exhibit similar behaviors toward other companies whom they've supplied capital.
I'm sure if it goes to trial, QMC's lawyers will argue that L2/SBI has a history of exhibiting predatory lending practices by trying to hold companies liable for standard business practices such as payments being made a day early or late when the payment date was set on a weekend.
In my opinion, the three arguments (auditor and day late/day early on payments) is substantially weak. They may be technically in default per the specific writing in the contract, but most contract law is based on a business week, Monday through Friday. Weekends dates don't typically apply.
The changing of the auditor did not occur voluntarily. The auditor quit and QMC was forced to get a new auditor. The contract said that QMC had to consult with L2/SBI if deciding to change auditors.
I'm sure if it goes to trial, QMC's lawyers will argue that L2/SBI has a history of exhibiting predatory lending practices by trying to hold companies liable for standard business practices such as payments being made a day early or late when the payment date was set on a weekend.
In my opinion, the three arguments (auditor and day late/day early on payments) is substantially weak. They may be technically in default per the specific writing in the contract, but most contract law is based on a business week, Monday through Friday. Weekends dates don't typically apply.
The changing of the auditor did not occur voluntarily. The auditor quit and QMC was forced to get a new auditor. The contract said that QMC had to consult with L2/SBI if deciding to change auditors.
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