Ground-Up Construction Corporation (CCC) 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, the rights and obligations of Ground-Up were absorbed by Investors. Therefore, Investors can exercise Ground-Up's right of action against Heavyquip. Heavyquip remains responsible for any liabilities it may have had with Ground-Up prior to the merger.

Ground-Up Construction Corporation (CCC) Has a Right of Action Against