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Steve Smith/question
Automotive Simulators Discussion of automotive simulators (rec.autos.simulators)
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#11
 
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Re: Steve Smith/question -
10-30-2004
, 11:36 PM
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Usually, when one outfit buys another, they assume both the assets and the liabilities as part of the deal. Now that Cingular has bought AT&T Wireless, for example, how would you like it if--as an AT&T customer--your pre-paid cell-phone plan wasn't honored by Cingular? Generating gobs of ill will drives customers away in droves. Preserving good will is just good business. |
that the buyer also assumed the liabilities of the business. So, what happens
if those liabilities are mis-represented? Having to honor pre-paid stuff you
weren't aware of could ruin a business.
Eldred
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http://www.umich.edu/~epickett
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#12
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In article <UNQgd.57693$l07.10034 (AT) twister (DOT) nyroc.rr.com>, "Steve Smith" blowbackNOSPAM (AT) rochester (DOT) rr.com> writes: Usually, when one outfit buys another, they assume both the assets and the liabilities as part of the deal. Now that Cingular has bought AT&T Wireless, for example, how would you like it if--as an AT&T customer--your pre-paid cell-phone plan wasn't honored by Cingular? Generating gobs of ill will drives customers away in droves. Preserving good will is just good business. No, I understand why previous customers would be pissed. I just didn't know that the buyer also assumed the liabilities of the business. So, what happens if those liabilities are mis-represented? Having to honor pre-paid stuff you weren't aware of could ruin a business. Eldred -- http://www.umich.edu/~epickett Screamers League IICC League GPLRank -6.0 MoGPL rank +267.80 Ch.Rank +52.58 MoC +741.71 Hist. +82.34 MoH:na N2k3 rank: -1.047 Slayer Spektera lvl 79 assassin Slayer Spectral_K lvl 44 Necro US East |
#13
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So are you saying that Skip himself should have paid the tuition for the racers involved? I can see why the new owner wouldn't want to give away lessons to people he hadn't collected from, though... Eldred |
all previously tendered tuititions.
You don't give away anything...but the cost of buying the school should
also include the costs of new lessons
dave henrie
#14
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In article <UNQgd.57693$l07.10034 (AT) twister (DOT) nyroc.rr.com>, "Steve Smith" blowbackNOSPAM (AT) rochester (DOT) rr.com> writes: Usually, when one outfit buys another, they assume both the assets and the liabilities as part of the deal. Now that Cingular has bought AT&T Wireless, for example, how would you like it if--as an AT&T customer--your pre-paid cell-phone plan wasn't honored by Cingular? Generating gobs of ill will drives customers away in droves. Preserving good will is just good business. No, I understand why previous customers would be pissed. I just didn't know that the buyer also assumed the liabilities of the business. So, what happens if those liabilities are mis-represented? Having to honor pre-paid stuff you weren't aware of could ruin a business. Eldred |
Microprose?
IIRC, They bought a German firm that later turned out to be in debt to a
bank for millions of dollars. Again IIRC, they backed out but lost
millions themselves on it.
- Matt
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