By
Lisa A. Lori
and Esq.
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(B) Asset Sale. In an asset sale, not all liabilities are transferred. Rather, the only liabilities that are transferred are the ones designated as such in the purchase agreement. However, if there are allegations of fraud or similar acts, courts may hold the acquiring company liable for liabilities that were excluded from the transaction under the doctrine of "successor liability."
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Lisa A. Lori
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