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Fact Pattern 36-1

Question 41

Multiple Choice

Fact Pattern 36-1
Grandview Office Suites, Inc., merges with Hilltop Commercial Properties, Inc. Only Hilltop remains.
-Refer to Fact Pattern 36-2. United Resources assumes


A) all of Shale's and Tierra's debts.
B) half of Shale's and Tierra's debts.
C) none of Shale's and Tierra's debts unless there is a formal transfer of liability.
D) only debts that Shale and Tierra incurred after a combina?tion was proposed.

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