A corporation that buys the assets of another corporation does not assume the other's liability unless the:
A) purchaser, expressly or impliedly, agrees to assume the seller's liabilities.
B) transaction amounts to a consolidation or merger of the two corporations.
C) sale is for the fraudulent purpose of avoiding the liabilities of the seller.
D) All of these.
D
You might also like to view...
Which of the following statements is true of essay appraisals?
A. They provide an opportunity to describe aspects of performance that are not thoroughly covered by an appraisal questionnaire. B. They involve selecting statements from a list that best describe an employee's characteristics and ranking these statements. C. They are unaffected by the quality of the writing skills of a supervisor. D. They are the most popular method of performance appraisal.
Marvin is an employee of Wild Thing Farms. Marvin finds out that the head of Wild Thing Farms is illegally importing endangered animals to sell as pets. If Marvin reports his employer's illegal activities he will probably be protected from retaliatory discharge by
a. unemployment statutes. b. worker compensation statutes. c. whistleblower statutes. d. no statutes.
The meaning of the term "sustainability" might vary from firm to firm
Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. There is more latitude for a lawyer to represent a client when there is a former client conflict than where there is a current client conflict. 2. If a lawyer is going to enter into a business transaction with a client, the terms must be fair to the lawyer. 3. The rule on client gifts to lawyers does not apply to paralegals. 4. A lawyer may not acquire the media rights to the client’s story or case. 5. A lawyer may not provide any financial assistance to a client.