If a purchaser wishes to purchase a "business" that is a corporation,the purchaser must purchase all the assets and all the liabilities of the corporation.

Name: If a purchaser wishes to purchase a "business" that is a corporation,the purchaser must purchase all the assets and all the liabilities of the corporation.
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Question

Quizplus · Accepted Answer

A purchaser can choose to buy only the assets of a corporation without assuming its liabilities, depending on the terms of the purchase agreement.

If a Purchaser Wishes to Purchase a "Business" That Is