Which of the Following Is True of a Merger

question 96

Multiple Choice

Which of the following is true of a merger?

• A) It results in the continued legal existence of every corporation involved in the process.
• B) It occurs when one corporation is absorbed into another corporation.
• C) It requires any transfer of title to property between corporations to be formally conducted by drafting deeds.
• D) It arises when one corporation splits into two sister corporations independent of each other.

---

Definitions:

Seller and Lessor

Terms referring to parties in transactions where goods are sold (seller) or property is leased (lessor) to another party.

Specific Performance

A legal remedy in contract law requiring the breaching party to fulfill the exact terms of the contract, rather than merely compensating the aggrieved party with damages.

Sale of Goods

A transaction in which property consisting of tangible personal items is transferred from seller to buyer for a price.

Reselling the Defective Fixtures

The act of selling goods that have flaws or defects not corrected by the seller, often at a reduced price.