The phrase "assumption of certain liabilities" is correct and usable in written English.
It can be used in legal or financial contexts when discussing the transfer of responsibilities or obligations from one party to another.
Example: "The agreement includes the assumption of certain liabilities related to the previous owner's debts."
Alternatives: "taking on specific liabilities" or "acceptance of particular obligations."
The Citizens Utilities Company said yesterday that it would sell its Louisiana Gas operations to the Atmos Energy Corporation for $375 million plus the assumption of certain liabilities.
* GAF Corp., Wayne, N.J., a chemicals company, completed the sale of certain chemicals businesses to Rhone-Poulenc Inc., Monmouth Junction, N.J., for $480 million plus assumption of certain liabilities.
Benjamin Weiser (NYT) SHOE RETAILER SOLD Joan and David Helpern Inc., a family-owned shoe retailer whose Joan & David stores are found in many upscale shopping malls, has been sold for $16.8 million and the assumption of certain liabilities, the company's financial advisers said yesterday.
IMI plc, a major international engineering group, acquired the BTG service valves business from the Fairey Group for a cash consideration of approximately £16 million pounds, whereas Curtiss Wright acquired the operating assets of the U.K.-based Solent & Pratt, a manufacturer of high performance butterfly valves for $1.5 million in cash and the assumption of certain liabilities.
Silicon Graphics, the high-end computer computer workstation and server company founded by Jim Clark in 1982, today declared bankruptcy and sold itself to Rackable Systems for $25 million plus the assumption of "certain liabilities".
But this standard must include explicit assumption of liabilities, including prefunding of these liabilities.
BAG's purchase of a certain liability marks the starting point, and the completion of the workout-process marks the end of the workout-process for a debtor.
General Dynamics, which is paying for the transaction through debt, also is assuming certain liabilities of the Motorola unit.
AOL Time Warner is to buy the magazine's paid subscriber list for $500,000, including the assumption of subscription liabilities of $2.2 million to $2.5 million.
Government assumption of bank liabilities has now far more than maxed out the conceivable resources of future taxpayers.
