The Main Principles in the National Supremacy Clause of the Constitution

question 58

Multiple Choice

The main principles in the national supremacy clause of the Constitution (Article VI) were originally proposed by the

• A)New Jersey Plan.
• B)Articles of Confederation.
• C)Albany Plan.
• D)members of Congress.
• E)Virginia Plan

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Definitions:

Merger

The combination of two or more companies into a single legal entity, often to achieve greater efficiencies of scale and scope.

Rights and Liabilities

Legal entitlements and responsibilities held by individuals or entities under the law.

Surviving Corporation

The remaining, or continuing, corporation following a merger.

Assets and Liabilities

Elements of a financial statement; assets represent resources owned, while liabilities represent obligations owed.