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Selected Works

Commercial Law

Selected Works

Marie T. Reilly

Articles 1 - 2 of 2

Full-Text Articles in Law

Making Sense Of Successor Liability, Marie T. Reilly Jun 2015

Making Sense Of Successor Liability, Marie T. Reilly

Marie T. Reilly

A firm that buys assets from another firm ordinarily does not acquire liability to the seller's creditors simply by buying its assets. This ordinary rule is subject to important exceptions. The buyer's consent triggers an exception. If a buyer agrees to assume the seller's liability to third parties, it is for that reason liable. This article considers a more controversial exception - successor liability. When a court decides that an asset acquirer should be treated as a "successor" to the transferor, it is liable for the transferor's debts as though it were the transferor.


The Latent Efficiency Of Fraudulent Transfer Law, Marie Reilly Jun 2015

The Latent Efficiency Of Fraudulent Transfer Law, Marie Reilly

Marie T. Reilly

No abstract provided.