When Konrad purchased his business, he purchased it as a total entity. As a result,

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When Konrad purchased the business as a total entity, he assumed responsibility for all outstanding debts incurred by the business. This is a common feature of purchasing a business as a whole rather than just its assets. The seller may still be responsible for outstanding debt in some cases, but it would typically be negotiated as part of the purchase agreement. Konrad would also receive all of the business's assets, including its real estate, as part of the purchase.

When Konrad Purchased His Business, He Purchased It as a Total