When a sale of assets amounts to what in effect is a merger, the acquir?ing corporation inherits the selling corporation's liabilities.

Name: When a sale of assets amounts to what in effect is a merger, the acquir?ing corporation inherits the selling corporation's liabilities.
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When a sale of assets amounts to a merger, the acquiring corporation is considered the successor to the selling corporation, and as such, inherits its liabilities. This is known as successor liability.

When a Sale of Assets Amounts to What in Effect