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He signed a contract to buy it, then tried to back out.
Good point, you are correct. I worded that incorrectly and have edited it.
To people like EM, laws are only there to force others to do what they want, not to bind or limit their actions. When he decided to back out of the deal, as far as he was concerned, he should have been allowed to.
When they sued to force the sale, it was the legal discovery that scared the shit out of him. So he had to go through with the purchase.