After a Merger, a Surviving Corporation's Shareholders Assume Personal Liability

question 60

True/False

After a merger, a surviving corporation's shareholders assume personal liability for a disappearing corporation's preexisting obligations.

---

Definitions:

Paul Volcker

An American economist who served as the Chairman of the Federal Reserve from 1979 to 1987, known for his measures to combat inflation by controlling money supply.

Supreme Court

The Supreme Court is the highest federal court in the United States, with the power to interpret the Constitution, review laws, and decide on cases involving states or the federal government.

Native American Lands

Territories traditionally occupied or used by Native American tribes, significant for their cultural, spiritual, and historical value to these Indigenous peoples.

Seminole War

A series of conflicts in the early 19th century in Florida between the United States and the Seminole, a Native American tribe.