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What occurs when one company buys the property and obligations of another company?
Wiki User
∙ 9y ago
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.
Wiki User
∙ 9y ago
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Foreclosure occurs when a person is unable to make payments on a property. The bank, which owns the rights to your property, can choose to overtake the property and kick you out.
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