Liability Does Not Extend to Businesses That Merge with or Buy

question 50

True/False

Liability does not extend to businesses that merge with or buy corporations that have violated CERCLA.

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Definitions:

Merchant

A person or company engaged in the business of selling goods or services.

Agent

An individual or entity authorized to act on behalf of another (known as the principal) in dealings with third parties.

Infant

An infant refers to a very young child or baby, often defined legally as a person under a certain age, typically under one year old, but the term can extend to younger children in different contexts.

Contract

An enforceable arrangement under law, involving multiple parties.