When an asset purchase occurs, the acquiring corporation will assume the labilities of the selling corporation in ail but which of the following circumstances? Multiple Choice The contract governing the purchase may expressly or impliedly state that the acquiring corperation takes on the selling corporation's libbilities as weil as its assets Despite its intention of being an asset purchase, the agreement actually falls within the legal framework of a merger or consolidation. Assot purchases never involve the acquiring corporation ossuming the seaing corporation's liablites The sale occurs under fraudulent circumstances