If a Foreign Company Is Guilty of Dumping Its Products

question 5

True/False

If a foreign company is guilty of dumping its products in the U.S., the International Trade Commission can impose taxes on the good being brought into the country.

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Definitions:

Surviving Corporation

is a corporation that remains intact after a merger or acquisition, absorbing the assets and liabilities of the other entity involved.

Surviving Entity

The corporation or entity that continues to exist after a merger, acquisition, or consolidation, absorbing the assets and liabilities of the other entity.

Debts

Money owed by one party, the debtor, to another, the creditor, usually arising from a transaction of goods, services, or loans.

Absorbed Corporations

companies that have been merged into or taken over by another corporation, losing their separate legal identity.