Problem related to creditor of the johnson company


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Q: The Johnson Company, a corporation organized under the laws of State X, after proper authorization by the shareholders, sold its entire assets to the Samson Company, also a State X corporation. Ellen, an unpaid creditor of the Johnson Company, sues the Samson Company upon her claim. Is Samson liable? Explain.

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Business Law and Ethics: Problem related to creditor of the johnson company
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