Giant Lift Corporation purchases all of the assets of Heavy Hydraulics Corporation. With respect to Heavy Hydraulics's liabilities, Giant Lift is

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In the case of a merger or consolidation, the acquiring company is responsible for the liabilities of the acquired company. In this scenario, Giant Lift Corporation purchases all the assets of Heavy Hydraulics Corporation, making it a merger or consolidation. Therefore, Giant Lift is responsible for Heavy Hydraulics's liabilities.

Giant Lift Corporation Purchases All of the Assets of Heavy