Is Cyril correct that BigCheese will be responsible for Cheeseland's liabilities?

Question

Quizplus · Accepted Answer

A)Although asset purchases seem similar to mergers and consolidations,they are significantly different because a corporation that purchases the assets of another corporation generally does not acquire its liabilities.
B)Although asset purchases seem similar to mergers and consolidations,they are significantly different because a corporation that purchases the assets of another corporation generally does not acquire its liabilities.
C)Although asset purchases seem similar to mergers and consolidations,they are significantly different because a corporation that purchases the assets of another corporation generally does not acquire its liabilities.
D)Although asset purchases seem similar to mergers and consolidations,they are significantly different because a corporation that purchases the assets of another corporation generally does not acquire its liabilities.
E)Although asset purchases seem similar to mergers and consolidations,they are significantly different because a corporation that purchases the assets of another corporation generally does not acquire its liabilities.

Is Cyril Correct That BigCheese Will Be Responsible for Cheeseland's