Journal Issue:
Agricultural Law Digest: Volume 3, Issue 10

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Cases, Regulations, and Statutes
( 1992-05-08) Achenbach, Robert ; Iowa State University Digital Repository
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Forgiving Principal in a Purchase Price Reduction
( 1992-05-08) Harl, Neil ; Harl, Neil ; Iowa State University Digital Repository

For purchasers of property unable to make payments as required by the obligation, a purchase price reduction may be a possible solution. If the debt of an original purchaser of property is reduced by the original seller of the property, the adjustment is treated as a purchase price adjustment and not as a discharge of indebtedness if the debtor is solvent.

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