A corporation that buys the assets of another corporation does not assume the other's liability unless the:

Question

Quizplus · Accepted Answer

All of the conditions listed (A, B, and C) are circumstances under which a corporation that buys the assets of another corporation might assume the other's liabilities. This includes express or implied agreement to assume liabilities, the transaction effectively being a consolidation or merger, or the sale being conducted to fraudulently avoid liabilities.

A Corporation That Buys the Assets of Another Corporation Does