A Successor Enterprise Is Not Subject to the Contract Obligations

question 14

Multiple Choice

A successor enterprise is not subject to the contract obligations of the former business if:

• A) one corporation is absorbed by another through merger.
• B) a corporation merely purchases the assets of another business.
• C) two or more corporations consolidate.
• D) none of the above.

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Definitions:

MAO

An enzyme in the body responsible for breaking down neurotransmitters, such as dopamine and serotonin, and involved in the action of certain antidepressants.

Hypoglycemia

A condition characterized by abnormally low blood glucose (sugar) levels.

Computed Tomography

A medical imaging technique that uses computer-processed combinations of many X-ray measurements taken from different angles to produce cross-sectional images of specific areas of a scanned object.