On a merger, one corporation inherits all of the rights and liabilities of its predecessors.

Name: On a merger, one corporation inherits all of the rights and liabilities of its predecessors.
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Question

On a merger, one corporation inherits all of the rights and liabilities of its predecessors.​

Quizplus · Accepted Answer

In a merger, the surviving corporation absorbs all the assets, liabilities, and legal rights of the acquired company. The acquiring corporation is responsible for all debts, obligations, and agreements of the acquired corporation. Therefore, option A, "True" is the correct answer.

On a Merger, One Corporation Inherits All of the Rights