The Johnson Company, a corporation organized under the laws of State X, after proper authorization by the

Question:

The Johnson Company, a 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 Ellen, an unpaid creditor of the Johnson Company, sues the Samson Company upon her claim. Is Samson liable? Explain.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...