Which of the Following Statements Is True Regarding a Statutory

question 39

Multiple Choice

Which of the following statements is true regarding a statutory consolidation?

• A) The original companies dissolve while remaining as separate divisions of a newly created company.
• B) Both companies remain in existence as legal corporations with one corporation now a subsidiary of the acquiring company.
• C) The acquired company dissolves as a separate corporation and becomes a division of the acquiring company.
• D) The acquiring company acquires the stock of the acquired company as an investment.
• E) A statutory consolidation is no longer a legal option.

Understand the application and impact of the Knock-Out Rule in contracts.

Describe the process and requirements for an acceptance to be effective under the CISG.

Explain the principle of contract formation without a formal agreement and the factors influencing it.

Understand the exceptions to general rules of contract acceptance.

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Definitions:

Systematic Desensitization

A behavioral therapy technique used to reduce phobic responses and anxiety through gradual exposure to the feared object or situation combined with relaxation exercises.

Placebo Technique

A harmless pill, medicine, or procedure prescribed more for the psychological benefit to the patient than for any physiological effect.

Exposure

Therapy technique that involves repeatedly exposing a client to an anxiety-producing stimulus or situation and has the goal of reducing the client’s fear.

Anti-Anxiety Drugs

Medications designed to reduce symptoms of anxiety through effects on the central nervous system, often used in the treatment of anxiety disorders.