KENISON, C.J.
The issue in this case is whether the federal income tax liability for 1968 of the plaintiff (also referred to in the record as J & W Enterprises, Inc.) was transferred as part of the sale of its automobile division, J & W Motors, (hereinafter referred to as Motors) to the defendants. The sales contract provided, inter alia, "The Buyer assumes and agrees to pay the outstanding obligations of J & W Motors."
The trial court found...
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