Fact Pattern 41-1A (Questions A3-A5 Apply)

question 40

Multiple Choice

Fact Pattern 41-1A (Questions A3-A5 apply)
Cherry Grove Apartments,Inc.,merges with Dutch Elm Realty,Inc.Only Dutch Elm remains.
-Refer to Fact Pattern 41-1A.Cherry Grove owed money to Eager Beaver Repair Service and other creditors.Af?ter the merger,Dutch Elm must pay

• A)all of Cherry Grove's debts.
• B)half of Cherry Grove's debts.
• C)none of Cherry Grove's debts.
• D)only debts that Cherry Grove incurred after a merger was proposed.

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