If the subsidiaries are separate corporations, then, no.
Sunday, January 17, 2010
When subsidaries borrow money are the parent corporations liable?
Lets say a subsidary of a company takes out a loan, then defaults, would the parent be responsible for it?When subsidaries borrow money are the parent corporations liable?
If the subsidiaries are separate corporations, then, no.mascara eye liner
If the subsidiaries are separate corporations, then, no.
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