In a Merger Situation,which of the Following Is a Term

question 6

Multiple Choice

In a merger situation,which of the following is a term for the corporation that does not continue to exist?

• A) The declined corporation
• B) The removed corporation
• C) The absorbed corporation
• D) The concealed corporation
• E) The deceased corporation

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Definitions:

Against Persons

Legal actions or claims directed towards individuals, as opposed to property or the state.

Comparative Negligence

A legal doctrine that apportions damages according to the degree of fault or negligence found against each party in a lawsuit.

Contributory Negligence

A legal doctrine where if the plaintiff in a tort claim is found to have contributed to their own harm, they may be barred from recovering damages.

Last Clear Chance

A legal doctrine that states that a party who has the last opportunity to avoid an accident, despite the negligence of the opposing party, may be liable for any resulting damages.