id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
inlawrev-27113	Sullivan, Jr., Frank	Banking, Business, and Contract Law	2023	40	.pdf	application/pdf	18891	1068	63	The defendants did ask for Indiana Supreme Court review but that Court unanimously declined.119 C. Successor Liability in Mergers and Acquisitions The Indiana Supreme Court decided New Nello Operating Co v. CompressAir120 during the Survey Period but due to publication delays in last year’s Survey Article, the case is discussed there and will only be summarized here.121 Under the law of mergers and acquisitions, the liabilities of a seller become the liabilities of the buyer if the seller is merged into the buyer.122 On the other hand, the buyer does not take on any of a seller’s liabilities in an asset purchase unless agreed; an “asset purchase” is just what it sounds like: a purchase of assets only.123 Among the exceptions to this latter rule of non-liability are “a purchase that is a de facto . . . ** This Article surveys banking, business, and contract law decisions of the Indiana Supreme Court (“Supreme Court”) and Indiana Court of Appeals (“Court of Appeals”) between September 1, 2020, and August 31, 2021 (“Survey Period”).	cache/inlawrev-27113.pdf	txt/inlawrev-27113.txt