DIY Fasteners Company decides to consolidate its operations with Evergrip Studs,Inc.,to form Fit-Rite Bolts & Screws Inc.
-Evergrip owed money to Guaranty Bank and other creditors. After the consolidation,Fit-Rite must pay
A) all of Evergrip's debts.
B) half of Evergrip's debts.
C) none of Evergrip's debts.
D) only debts that Evergrip incurred after consolidation was proposed.
Correct Answer:
Verified
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