If two firms consolidate, the new corporation usually succeeds to the rights, powers and immunities of its component parts.

Name: If two firms consolidate, the new corporation usually succeeds to the rights, powers and immunities of its component parts.
Brand: Quizplus
Rating: 4.9 (53 reviews)

Question

Quizplus · Accepted Answer

When two firms consolidate, the new corporation typically succeeds to the rights, powers and immunities of its component parts. This is a common feature of corporate consolidations and mergers.

If Two Firms Consolidate, the New Corporation Usually Succeeds to the Rights