Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: sandbar

So you've read the purchase agreement and know for a fact that Wendy's assumed all liabilities, known and unknown, during the acquisition of Cafe Express?

Didn't think so.


63 posted on 10/09/2006 1:46:08 PM PDT by Diplomat
[ Post Reply | Private Reply | To 28 | View Replies ]


To: Diplomat

>>>So you've read the purchase agreement and know for a fact that Wendy's assumed all liabilities, known and unknown, during the acquisition of Cafe Express?

Didn't think so.>>>

As a writer of industrial insurance, I will tell you that when you purchase a corporation, you will be named in a lawsuit of past actions. There is no way around it. Most likely the insurance policy of Cafe Express would be the primary named in the lawsuit back to the 2000 policy, but Wendy's corporation would be named as well and the current insurance carrier would be forced to pay the defense costs.


65 posted on 10/09/2006 1:53:35 PM PDT by sandbar
[ Post Reply | Private Reply | To 63 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson