If there is a consolidation of corporations A, B, and C:
A) corporations B and C are absorbed into corporation A, and corporation A continues to exist.
B) all of the corporations continue to exist.
C) all corporations continue to exist, but corporation A owns all of the stock of corporations B and c.
D) corporations A, B, and C cease to exist, and a new corporation with the property and assets of the old corporations comes into being.
Correct Answer:
Verified
Q28: A corporation that does business in the
Q35: Under the Revised Model Business Corporation Act
Q42: An enterprise that conducts business following a
Q42: Where a corporation is properly formed, it
Q45: Osvaldo was attempting to promote a corporation
Q45: When two corporations merge:
A) their separate existences
Q46: In a merger situation, what is the
Q49: If a wire manufacturing company owned a
Q50: The Miller family, who operates a musical
Q52: A successor enterprise is not subject to
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