Originally Posted by
rydabent
As someone else suggest, when Schwinn was sold, the new owner probably had to assume all assets and liabilities, and that would include frame guarantees. It would cost a lawyer, but I think you got cheated.
Typically a buyer will want to buy a corporation's assets (including trademarks), not its stock, and the corporation is dissolved following the sale, sometimes in bankruptcy. Any liabilities stay with the old corporation. It's done this way to avoid assuming liabilities of a corporation.