Sawyer and Four Others Formed a & E Salvage and Began

question 23

Multiple Choice

Sawyer and four others formed A & E Salvage and began a project of recovering salvage materials from the site of the former Liberty Fibers rayon plant.The site consisted of 300 acres,multiple buildings,and extensive ground piping.As A & E removed the salvage materials,it discovered that many of the pipes and buildings contained RACM,a toxic substance.In the removal process,RACM was not treated or removed properly according to statutory requirements.The federal government stepped in and cleaned up the RACM from the property and sought reimbursement from liable parties.Who is liable for the clean-up costs?​

• A)​A & E
• B)​Liberty Fibers
• C)contractors working with A & E at the site
• D)a and b only
• E)all of the above

Understand the specific legal implications of proxy solicitations under the Dodd-Frank Act in relation to mergers, acquisitions, and consolidations.

Comprehend the importance of board and shareholder approvals for significant corporate actions, including asset mortgages and pledges.

Grasp the legal consequences and responsibilities of corporations that undergo fundamental changes such as mergers, consolidations, and dissolutions.

Recognize the rights and remedies available to dissenting shareholders in mergers and other fundamental corporate changes.

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