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All Jurisprudence based

0 tracked cards Commercial and Taxation Laws

Buyer acquires one surplus vehicle from a company that continues its ordinary business. No assumption, merger, continuation, fraud, or other applicable basis is shown. Does the vehicle purchase alone establish liability for all seller debts under the discussed doctrine?

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Yes, the seller automatically disappears. Yes, ownership of any asset transfers every debt. Yes, every seller creditor becomes a buyer shareholder. No; the stated isolated purchase does not itself establish a recognized exception.

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