Jen files a suit against Kopper Kettle Company. While the suit is pending, Kopper Kettle merges with Luminous Pans, Inc., with Luminous absorbing Kopper Kettle. Now, liability in the suit, if any, rests with
A) Jen.
B) Kopper Kettle.
C) Luminous.
D) no one.

Question

Quizplus · Accepted Answer

When Kopper Kettle merges with Luminous Pans, Inc. and becomes absorbed by Luminous, Luminous assumes Kopper Kettle's liabilities, including any pending lawsuits. Therefore, liability in the suit rests with Luminous, not Kopper Kettle or Jen.

Jen Files a Suit Against Kopper Kettle Company