Fact Pattern 40-1A
Cherry Grove Apartments, Inc., merges with Dutch Elm Realty, Inc. Only Dutch Elm remains.
-Refer to Fact Pattern 40-1A. Cherry Grove owed money to Eager Beaver Repair Service and other creditors. Af?ter the merger, Dutch Elm must pay

Question

Fact Pattern 40-1A 
Cherry Grove Apartments, Inc., merges with Dutch Elm Realty, Inc. Only Dutch Elm remains.
-Refer to Fact Pattern 40-1A. Cherry Grove owed money to Eager Beaver Repair Service and other creditors. Af?ter the merger, Dutch Elm must pay

Quizplus · Accepted Answer

When two companies merge and one company ceases to exist, the surviving company assumes all liabilities and debts of the company that no longer exists.