A Corporation That Buys the Assets of Another Corporation Does

question 37

Multiple Choice

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

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

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Definitions:

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, which extends from the brainstem down the back, and transmits neural signals between the brain and the body.

Growth Hormone

A peptide hormone that stimulates growth, cell reproduction, and regeneration in humans and other animals.

Metabolic Rate

The rate at which the body uses energy to maintain basic life functions such as breathing, circulation, and cell production.

Grooming Touch

a form of physical interaction used to clean, maintain, and strengthen social bonds, commonly observed in many animal species and humans.