Which of the Following Is True About Successor's Liability for Predecessor's

question 68

Multiple Choice

Which of the following is true about successor's liability for predecessor's obligations?

• A)Once continuation begins after dissociation,the creditors remain the creditors of the predecessor.
• B)Partners may escape prior liabilities by forming new partnerships.
• C)There has to be an agreement with creditors to eliminate liability for prior obligations.
• D)The original partners are not liable for obligations incurred prior to dissociation.

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Definitions:

Primary Goals

These are the main or most important objectives or aims that an individual, group, or organization seeks to achieve.

Worker-Client Relationship

The professional bond that forms between social workers and their clients, characterized by trust, mutual respect, and confidentiality.

Generalist Intervention Model

A multi-step approach employed by social workers to assess, plan, implement, evaluate, and terminate services for clients across various environments and problems.

Major Features

The primary characteristics or aspects that distinguish one entity from another.