Fantase Corporation has a union contract.To avoid the contract,the shareholders plan to form a new corporation.They also elect to transfer their business interest to the new corporation.Is the new corporation liable to the employees for union contract?

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The Answer of Fantase Corporation has a union contract.To avoid the contract,the shareholders plan to form a new corporation.They also elect to transfer their business interest to the new corporation.Is the new corporation liable to the employees for union contract?

Fantase Corporation Has a Union Contract