Identify Which of the Following Statements Is True

question 49

Multiple Choice

Identify which of the following statements is true.

• A)Per IRS Treasury Regulations, to qualify as a Type A reorganization, at least 40% of the total consideration used must be acquiring corporation stock.
• B)A Type A reorganization has the advantage of avoiding the acquisition of unknown and contingent liabilities.
• C)A merger usually involves the approval of all of the shareholders of both corporations.
• D)All of the above are false.

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Definitions:

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Lanham Act

United States legislation that provides protection to trademarks, service marks, and related intellectual property to prevent consumer confusion and unfair competition.

Trade Dress Infringement

A violation of trademark law that occurs when one company's product design or packaging is so similar to another's that it misleads consumers about the product's origin.