When a buyer purchases an existing business, she may "inherit" liability for damages and injuries caused by products the company has manufactured or sold in the past.

Question

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As part of the purchase of an existing business, the buyer assumes all liabilities that come with it, including product liability. This means that if someone is injured or there is property damage due to the company's past products, the new owner may be held liable.

When a Buyer Purchases an Existing Business, She May "Inherit