Commercial Law: Commerical law, also referred to as business law; and administrative law regulates business practices regarding the manufacture and sals of consumer goods as well as corporate contracts, and hiring practices.
When one business purchases all or most of the assets of another business in California, the buyer is generally not liable for claims against the seller.
However, there are a few exceptions. Under the doctrine of successor liability, a buyer may be liable for claims based on a seller's actions even though the basis for the claims arose prior to the sale. The doctrine is an equitable one, generally decided by a court instead of a jury, although questions may arise if a claim is joined with other actions, such as fraudulent transfer, that may entitle the complaining party to a jury trial.
Find a BUsiness Law Attorney by Calling 661-310-7999
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