A corporation may purchase the assets of another business. This would not be a merger or consolidation. In an acquisition situation, the purchaser does not necessarily become liable for the obligations of the business whose assets are being purchased unless the acquiring corporation agrees to be liable.
Pursuant the Model Business Corporation Act, a sale of all of the assets of a corporation requires approval of the corporation's shareholders if the disposition would leave the corporation without a significant continuing business activity.
Alaska Offer to Purchase Assets of a Corporation
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The elements of a claim for breach of contract are the existence of a contract, breach, and damages. 24.00a breach of contract: introductory instruction / basic elements alaska.gov ? CVPJI ? docs alaska.gov ? CVPJI ? docs
Contract actions to be brought in three years. Unless the action is commenced within three years, a person may not bring an action upon a contract or liability, express or implied, except as provided in AS 09.10. 040, or as otherwise provided by law, or, except if the provisions of this section are waived by contract. Alaska Statutes § 09.10.053 (2022) - Contract actions to be ... Justia Law ? chapter-10 ? section-09-10-053 Justia Law ? chapter-10 ? section-09-10-053
A contract is an agreement between two or more persons who make promises to each other that are legally enforceable. A contract can be a written document, or just an oral agreement, but it cannot be for an illegal purpose. Contracts ? Alaska Youth Law Guide Alaska Bar Association ? entering-the-real-world ? money Alaska Bar Association ? entering-the-real-world ? money
Do contracts need to be in writing? Yes. All agreements should be in writing, no matter how minor they seem, to ensure that each party understands what they are agreeing to, and to document that the agreement has indeed been made. Under State Law AS 45.02. Contracts and Agreements, administration, Local Government ... Alaska Department of Commerce, Community, and Economic Development (.gov) ? ... ? Administration Alaska Department of Commerce, Community, and Economic Development (.gov) ? ... ? Administration
Formation of a contract under Alaska law requires four elements: an offer that includes all essential terms, an unequivocal acceptance, consideration, and mutual intent to be bound. Thomas v. Archer, 384 P. 3d 791, 797 (Alaska 2016).