Replies to post #39119 on California Grapes International, Inc (CAGR)

[TLusby]

That is fine and great but liabilities always transfer with the company. They performed a reverse merger into an entity with liabilities. They are still responsible for the claims but then GDHI clearly has a claim against Pierre. Diamond is GDHI! That is what you need to understand. Those are standard warranties and are only as good as the individual giving them. I do not care about that warranty as my judgment is against the entity.

[pantherj]

That agreement is between those two parties and is not binding on any third party. Just check with any corporate attorney. this is 1st lecture, 1st hour, 1st year legal school stuff. In fact, it is covered in High School business courses. The concept grew out of English Common law 500 years ago from which much of our business legal concepts take their root. It is equitable and just. It could not be any other way or commerce and lending would dry up. Who would send any company goods and invoice them if at a moments notice they could sell their business and cancel all their debts? Logic is all one needs here.