Is contract valid karate school martial arts school closed?
If they are unable to provide their side of the contract, the contract is invalid. If the services have already been provided, there is an issue. The other issue is that the contract may not be between you and the karate school. It may be between you and a finance company. They made an agreement to pay the karate school money, perhaps up front, you in turn agreed to pay the finance company. If it is a high value contract, you may want to consult an attorney. Otherwise, read the contract carefully and see who the parties are.