Which of the Following Is Generally False Regarding the Surviving

question 41

Multiple Choice

Which of the following is generally false regarding the surviving entity in a merger situation?

• A) The surviving entity remains a single corporation.
• B) The shareholders of the surviving entity must amend its articles of incorporation according to the specific conditions of the merger.
• C) The surviving entity does not become liable for debts of the absorbed corporation.
• D) The surviving entity obtains the absorbed corporation's assets.
• E) The surviving entity obtains the absorbed corporation's rights, powers, and privileges.

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Definitions:

Genitalia

External and internal reproductive organs.

Fetuses

A developmental stage of mammals, including humans, in the uterus from the embryonic stage until birth.

Light

Electromagnetic radiation that is visible to the human eye, and is responsible for the sense of sight.

Heart Rate

The number of heartbeats per unit time, typically expressed as beats per minute (bpm).