The doctrine that allows a creditor to seek recovery from the purchaser of assets even when the purchaser did not expressly assume such liabilities as part of the purchase is called.

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21-10-2022
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The doctrine that allows a creditor to seek recovery from the purchaser of assets even when the purchaser did not expressly assume such liabilities as part of the purchase is called.

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shivanijain4931 shivanijain4931 · Answer 1 · 2022-10-24T21:08:02+02:00

The doctrine that allows a creditor to seek recovery from the purchaser of assets even when the purchaser did not expressly assume such liabilities as part of the purchase is called successor liability.

A legal responsibility is something this is owed to someone else. legal responsibility also can mean a criminal or regulatory threat or responsibility. In accounting, groups e-book liabilities in competition to property.

Liabilities are any debts your enterprise has, whether it is bank loans, mortgages, unpaid bills, IOUs, or any other amount of money that you owe a person else. in case you've promised to pay a person a amount of money inside the future and have not paid them but, that is a liability.

Learn more about liability here:https://brainly.com/question/24534918
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