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A Corporation That Buys the Assets of Another Corporation Does

Question 10

Multiple Choice

A corporation that buys the assets of another corporation does not assume the other's liability unless the:


A) purchaser,expressly or impliedly,agrees to assume the seller's liabilities.
B) transaction amounts to a consolidation or merger of the two corporations.
C) sale is for the fraudulent purpose of avoiding the liabilities of the seller.
D) All of these.

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