Fact Pattern 41-1A (Questions A3-A5 apply)
Cherry Grove Apartments,Inc.,merges with Dutch Elm Realty,Inc.Only Dutch Elm remains.
-Refer to Fact Pattern 41-1A.Cherry Grove owed money to Eager Beaver Repair Service and other creditors.Af?ter the merger,Dutch Elm must pay
A)all of Cherry Grove's debts.
B)half of Cherry Grove's debts.
C)none of Cherry Grove's debts.
D)only debts that Cherry Grove incurred after a merger was proposed.

Question

Quizplus · Accepted Answer

In a merger, the surviving company (Dutch Elm) assumes all the liabilities and debts of the merged company (Cherry Grove).

Fact Pattern 41-1A (Questions A3-A5 Apply)