Carren is interested in buying a small commercial building for $1.2 million, from Aron? The current tenant has been operating one of its offices in the building for years. There is no formal written lease in relation to the premises. 

The tenant pays a fixed rental sum to Aron. Carren ask for your advice?

Explain whether the going concern exemption might apply in this case? Provide evidence for your answer.

Answer rating: 100% (QA)

The going concern exemption refers to a situation where a business is sold as a going concern includ... View the full answer