A Corporation That Buys the Assets of Another Corporation Does

question 62

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 the above.

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Definitions:

Migration

The movement of people from one region to another for the purpose of settlement, often driven by economic, social, or political factors.

Destination Country's Wage Rates

Refers to the compensation levels for labor in a country where a business might consider relocating or outsourcing operations.

Original Supply of Labor

The initial quantity of labor available in the market or economy before any shifts in demand or supply.

Domestic Output

The total value of all goods and services produced within a country's borders.