John sold the book that Matt was making payments on to Alex.
Well, that just sucks.
I'm assume John just screwed up, and has promptly (1) refunded Matt's money (perhaps with something a little extra for the screw up) (2) apologized profusely to Matt and (3) cleared Alex of any wrongdoing?
Correct, except for the little extra and he was aware that he was supposed to sell it to Matt. (thumbs u
Let's add to it that John lied to Matt about what happened to the book, strung him along, then wouldn't answer his emails, took a long time to refund his money (a good chunk of change), and waited until board indignation called him to task.
To colour the results of the renege darker, Matt hustled to sell a number of his lesser books to pay for the deal well ahead of schedule.