Explain the concept of succession to property, assets, rights, liabilities and obligations in certain cases.
The concept of succession to property, assets, rights, liabilities and obligations in certain cases refers to the transfer or inheritance of these elements from one person or entity to another. In the context provided, it seems to be related to legal arrangements for passing on property, assets, rights, liabilities, and obligations between individuals or organizations upon a specific event, such as death or termination of a business. This concept is often used in inheritance law and succession planning for businesses.