Fact Pattern 41-3​ DIY Fasteners Company Decides to Consolidate Its Operations with Evergrip

question 56

Multiple Choice

Fact Pattern 41-3​
DIY Fasteners Company decides to consolidate its operations with Evergrip Studs, Inc., to form Fit-Rite Bolts & Screws Inc.
-Refer to Fact Pattern 41-3. Evergrip owed money to Guaranty Bank and other creditors. After the consolidation, Fit-Rite must pay​

• A) ​all of Evergrip's debts.
• B) ​half of Evergrip's debts.
• C) ​none of Evergrip's debts.
• D) ​only debts that Evergrip incurred after consolidation was proposed.

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