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 held rights in certain real property. After the merger, Dutch Elm acquires the rights

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 held rights in certain real property. After the merger, Dutch Elm acquires the rights

Quizplus · Accepted Answer

In a merger, the surviving corporation automatically acquires all the rights, properties, and liabilities of the merged corporation by operation of law.