| HBS Case Collection
(Revised from original 1986 version)
A recent MBA graduate has reached tentative agreement for an LBO of a forms-printing business with $43 million sales. At the eleventh hour, however, the seller has demanded that the buyer personally guarantee $4 million of accounts payable.
Stevenson, Howard H. "Jim Southern." Harvard Business School Case 387-009, March 1989. (Revised from original July 1986 version.)