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

question 28

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.The articles of the merger agreement differ from Dutch Elm's articles of incor?poration.The articles

• A)are deemed amended to include the differences.
• B)are replaced by the merger agreement.
• C)effectively prevent the merger.
• D)prevail.

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Definitions:

Loanable Funds

Funds available for borrowing, which come from savings deposited in banks or from other sources of capital.

Government Budget Deficit

The financial situation where a government's expenditures exceed its revenues within a specific period, often leading to borrowing.

Government Budget Surplus

A financial situation in which a government's revenues exceed its expenditures during a specific period of time.

Real Interest Rates

Interest rates adjusted for inflation, showing the real cost of borrowing or the real yield on savings.