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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
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To: sandbar

So I see you are now agreeing with me that you do not know whether or not this liability is Wendy's or the sellers or another party or no ones.

The fact that Wendy's is party to the lawsuit is obvious. What is not obvious is who will be held ultimately liable, if anyone.

Your statement that "Wendy's purchased all liablities" of Cafe Express is unknown and by your own admission in the prior post, not likely either.


66 posted on 10/09/2006 2:04:04 PM PDT by Diplomat
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