Corporations May Avoid Liability for the Obligations of a Predecessor

question 31

True/False

Corporations may avoid liability for the obligations of a predecessor corporation by treating a consolidation or merger as a sale of assets.

---

Definitions:

Public Lynchings

were acts of violence, primarily against African Americans, where mobs executed individuals without legal trial, often with public approval or participation, particularly in the South.

Immigration Policy

A set of rules and guidelines that govern who can enter, stay, and leave a country, and under what conditions.

World War I

A global conflict that lasted from 1914 to 1918, involving many of the world's nations organized into two opposing military alliances: the Allies and the Central Powers.

Literacy Test

Historically used as a method to disenfranchise voters, especially African Americans in the South, by requiring them to pass a reading and writing test before voting.