In a taxable asset acquisition, the purchaser does not acquire unknown and contingent liabilities.

Name: In a taxable asset acquisition, the purchaser does not acquire unknown and contingent liabilities.
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In a taxable asset acquisition, the buyer typically only acquires the specific assets and liabilities that are explicitly agreed upon in the purchase agreement, leaving unknown and contingent liabilities with the seller.

In a Taxable Asset Acquisition, the Purchaser Does Not Acquire