A Corporation That Buys the Assets of Another Corporation Does

question 76

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.