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Fact Pattern 41-1A (Questions A3-A5 Apply)

Question 30

Multiple Choice

Fact Pattern 41-1A (Questions A3-A5 apply)
Cherry Grove Apartments,Inc.,merges with Dutch Elm Realty,Inc.Only Dutch Elm remains.
-Refer to Fact Pattern 41-2A.New Energy assumes


A) all of Petro's and Oil's assets.
B) half of Petro's and Oil's assets.
C) none of Petro's and Oil's assets.
D) only debts that Petro and Oil incurred after a combina?tion was proposed.

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