Asked by Willis Sands on Jun 30, 2024
Verified
In most states, which of the following is true regarding Tyler's concern that Sean could not be sued for the price of the skateboards?
A) Sean cannot be sued if Sean purchased the skateboards within 30 days of the joining of the businesses.
B) Sean can be sued only if Sean purchased the skateboards within 30 days of the joining of the businesses.
C) Sean cannot be sued unless Sean approves in writing the joining of the businesses.
D) Sean can be sued only if Sean is notified by certified letter of the joining of the businesses.
E) The right to sue Sean would not be lost by the joining of the corporations.
Joining of the Businesses
The joining of the businesses typically refers to the process where two or more companies come together to form a partnership, merger, or acquisition, combining resources for shared goals.
Skateboards
A narrow plank of wood mounted on wheels, used for recreational activity and transportation, typically steered by a rider's balance.
- Gain knowledge of how corporate reconfiguration impacts the liabilities and legal challenges faced by the company.
Verified Answer
JS
Jasdeep SinghJun 30, 2024
Final Answer :
E
Explanation :
The joining of corporations does not inherently eliminate the right to sue an individual for prior transactions, such as the purchase of skateboards. Legal actions for business transactions are generally preserved despite corporate mergers or acquisitions.
Learning Objectives
- Gain knowledge of how corporate reconfiguration impacts the liabilities and legal challenges faced by the company.
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