Series 79 practice questioneasyStock vs Asset Purchases
In an asset purchase, which of the following typically requires consent before transfer to the buyer?
- AAll liabilities of the seller
- BCertain contracts with anti-assignment clauses✓ Correct answer
- CAll intellectual property assets
- DEmployee benefit plans
Explanation
Why B — Certain contracts with anti-assignment clauses
Contracts with anti-assignment provisions may require counterparty consent before transfer in an asset purchase. Ignoring this can cause a buyer to miss critical business arrangements.
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