The buyer would also assume approximately $1.25 billion in debt.
So even if the car isn't a lemon, a potential buyer assumes that it is.
In the bargain, buyers assume the good faith of the people they deal with, and the health of the company.
The court held that in fact the contract had made the buyer assume any risk of such representations and there was no right to rescind.
Once the cargo is past the ship's rail and on board, the buyer assumes the risk.
The 1985 agreement stipulates that when a hotel is sold, the buyer must assume the terms of the union contract.
The buyer may assume that the substance is legal and therefore also safe.
Most foreign buyers do not assume that the dollar will strengthen.
The buyer would also assume $2.4 billion in Pennzoil debt.
The main drawback to buying used equipment through an exchange is the risk that a buyer assumes.