The First Corporation Is Liable for Its Debt,even After a Merger

question 26

True/False

The first corporation is liable for its debt,even after a merger.

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Definitions:

Computer Literacy

The basic ability to use a computer and perform tasks such as creating documents, using the internet, and sending emails.

Private Ownership

The state or fact of exclusive rights and control over property, which can be either an individual or a corporate entity.

Collaborative Consumption

The practice of sharing, bartering, lending, trading, or renting access to products or services, facilitated by community-based online services.

Private Ownership

The legal possession of property or goods by individuals or corporations, not by the state or public entities.