AB Corporation consolidates with ZX Corporation to form A-Z Corporation. The debts of AB Corporation are:
A) assumed by the stockholders of AB Corporation.
B) discharged by the process of consolidation.
C) assumed by A-Z Corporation.
D) discharged by the issuance of new stock in A-Z Corporation.
Correct Answer:
Verified
Q30: After an amendment to the corporate charter
Q31: The case of Alpert v. 28 Williams
Q32: Any method of combination of corporations that
Q33: Cash-out combinations are used to eliminate minority
Q34: A court may not dissolve a corporation
Q36: Under the Dodd-Frank Act signed into law
Q37: A mortgage or pledge of any or
Q38: The combination of two or more corporations
Q39: Statutory provisions protect creditors upon the dissolution
Q40: After dissolution, the corporation must cease carrying
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents