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Court Rules Successor Company Not Liable for Predecessor's Debts; Bona Fide Purchaser Protected from Liability.

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....Default of predecessor company - Liability of successor company - dues due and owing by the assessee cannot be recovered from the properties of the appellant, who is a bona fide purchaser in auction - HC....

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Court Rules Successor Company Not Liable for Predecessor's Debts; Bona Fide Purchaser Protected from Liability.