In a Merger,what Happens to the Property of the Absorbed

question 37

Multiple Choice

In a merger,what happens to the property of the absorbed corporation?

• A) It must be sold and distributed to the absorbed corporation's shareholders.
• B) It must be held in trust for at least one year to satisfy claims of creditors.
• C) It must be held in trust for at least six months to satisfy claims of creditors.
• D) It must be placed within the jurisdiction of the secretary of state for at least one year in order to satisfy claims of creditors.
• E) None of these.

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Definitions:

Covariation Principle

A concept in social psychology that explains how we attribute behavior to consistent internal or external factors over time.

Discounting Principle

The tendency to reduce the importance of any potential cause of another’s behavior to the extent that other potential causes exist.

Internal Attribution

The process of assigning the cause of behavior to an individual's internal characteristics or disposition rather than to external factors.

Magical Thinking

A belief system where individuals think that their thoughts, actions, or words can influence the outcome of events in the physical world in a manner that defies the conventional laws of cause and effect.