Brite Cosmetics Corporation Purchases All of the Assets of Color-All

Multiple Choice

Brite Cosmetics Corporation purchases all of the assets of Color-All Lipsticks Corporation. With respect to Brite Cosmetics' liabilities, Color-All Lipsticks is

A) automatically responsible.
B) not responsible under any circumstances.
C) responsible if Color-All Lipsticks is a competitor of Bright Cosmetics.
D) responsible if the sale is actually a merger or consolidation.