Larson & Son manufactured welders that frequently malfunctioned, setting clothing on fire and causing serious burns. Larson & Son sold all of its assets to Swenson Co., which continued to manufacture the Larson welder product line. Eleven months after Swenson's purchase, one of Larson's customers sued Swenson for injuries caused by a welder purchased from Larson, six months prior to the purchase by Swenson. Under the circumstances, Swenson Co.:
A) cannot be held liable, because it is a corporation.
B) cannot be held liable, because it did not manufacture the welder in question.
C) might be held liable in some states under strict liability.
D) could not be liable if Larson & Son still exists as a corporate entity.
Correct Answer:
Verified
Q40: After dissolution, the corporation must cease carrying
Q41: A(n) _ is a general invitation to
Q42: Which of the following statements about corporate
Q43: The court in the Cohen v. Mirage
Q44: Which of the following is untrue about
Q46: To eliminate minority interests, which of the
Q47: The right of dissent results in payment
Q48: A short-form merger:
A) is not a merger
Q49: The concept of a combination that makes
Q50: If a company owns 90 percent or
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents