Which of the following is generally false when a consolidation occurs?
A) The new corporation has independent legal status.
B) The original corporations continue to exist legally.
C) The consolidated entity assumes the debts of the original corporations.
D) The consolidated entity obtains the original corporations' assets.
E) The consolidated entity takes on the rights of the original companies.
Correct Answer:
Verified
Q2: When an asset purchase occurs, the acquiring
Q3: The surviving corporation's right to sue for
Q3: Asset purchases are similar to mergers and
Q4: In which of the following are two
Q6: In a merger situation,which of the following
Q7: Which of the following occurs when a
Q7: Today,consolidations are very rare.
Q8: Federal securities law does not require that
Q10: Consolidation does not require shareholder approval.
Q13: Federal regulations prohibit the management of target
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