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When one company buys the property and obligations of another company, the buying company assumes full ownership of the other company. In essence the sold company ceases to exist.

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Q: What occurs when one company buys the property and obligations of another company?
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Does homeowners' insurance cover a personal injury claim from another property owned?

No. Your homeowners will only cover personal injury if it occurs on the property listed on the policy.


What is meant by the term receivership?

Receivership is what occurs when a business has been placed under the control of a "receiver", who takes the responsibility for the institution's assets. This often occurs when a business has filed for bankruptcy, or has otherwise failed to follow its financial and legal obligations.


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Does homeowners cover someone elses property?

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Related questions

Can you give brief description on takeover?

Takeover occurs when a company takes control of another company by purchasing a controlling interest in it.


Does homeowners' insurance cover a personal injury claim from another property owned?

No. Your homeowners will only cover personal injury if it occurs on the property listed on the policy.


What is another name for occurs?

another word for occurs is happens.


What might create a monopoly?

One condition that leads to the rise of a monopoly is the ability of one company to buy another similar company out. Another condition occurs when one company lowers prices in such a way to drive another company out of business.


If one rents a ground floor retail property and a flood occurs from the rented upstairs flat both owned by the same landlord.Who is liable for damages?

The tenant upstairs. Your insurance company will work the issue out with their insurance company.


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Convergence Media occurs when a Media like Fox merges with another station such as NBC. A recent example is when Disney merged with ABC to become their parent company.


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What is civil tresspass?

Civil trespass occurs when someone enters onto another person's property without permission. This can include physically entering the property or causing a nuisance on the property without authorization. Victims of civil trespass can often seek damages or an injunction to prevent the trespass from occurring.


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It depends on the legislation of the country. In certain places he or she has no legal obligations at all.


Commitment and obligations are defined as dormant if no obligation adjustment contract modification disbursement or withdrawl occurs within a how many day period?

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