Ground-Up Construction Corporation has a right of action against Heavyquip,Inc. Ground-Up Construction merges with Investors Development,Inc.,with Investors absorbing Ground-Up. After the merger,Ground-Up's right of action against Heavyquip can be exercised by

Question

Quizplus · Accepted Answer

After the merger, Ground-Up Construction Corporation ceases to exist and its assets and liabilities, including its right of action against Heavyquip, are transferred to Investors Development, Inc. Therefore, Investors Development, Inc. can exercise Ground-Up's right of action against Heavyquip.

Ground-Up Construction Corporation Has a Right of Action Against Heavyquip,Inc