2 ms·
Not worth fighting it, of course. But unless they bought the company out of bankruptcy, you don't get to choose to buy a company's assets but ignore their liabi
by jjeaff 7y ago
Not worth fighting it, of course. But unless they bought the company out of bankruptcy, you don't get to choose to buy a company's assets but ignore their liabilities.
That would be like buying a company that owes money on a building and telling the bank that you won't be making payments because you are keeping the building, but not the debt.
That's why a big part of mergers and acquisitions is researching all the possible liabilities that may exist for the company to be acquired.