A Statutory Merger Is A(n)

question 11

Multiple Choice

A statutory merger is a(n)

• A) Business combination in which only one of the two companies continues to exist as a legal corporation.
• B) Business combination in which both companies continue to exist.
• C) Acquisition of a competitor.
• D) Acquisition of a supplier or a customer.
• E) Legal proposal to acquire outstanding shares of the target's stock.

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Definitions:

Condition Precedent

A specific condition or event that must occur before a contract becomes effective or before a party is obligated to fulfill their part of the contract.

Ended by Agreement

A situation where a contract or arrangement is terminated through mutual consent of all parties involved.

Unforeseen Event

An unexpected occurrence that can impact agreements or plans, often referred to as a force majeure in legal contexts.

Breach of Warranty

The failure to fulfill the terms of a promise or guarantee made regarding the condition or performance of a product or service.