When a Sale of Assets Amounts to What in Effect

question 80

True/False

When a sale of assets amounts to what in effect is a consolidation, the ac?quiring corporation does not inherit the selling corporation's liabilities.

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Definitions:

Communist-Front Organizations

Groups or entities that are ostensibly independent but actually controlled by a communist party, often created to advance communist agendas under the guise of other social or political objectives.

Violent Overthrow

The forcible removal of an existing government or leadership by a group or movement.

Montgomery Bus Boycott

A civil rights protest in 1955-1956 in Montgomery, Alabama, where African Americans refused to ride city buses in protest of segregated seating, marking a significant victory in the civil rights movement.

African-American Protest Movement

A series of movements and protests by African-Americans, especially in the mid-20th century, aimed at ending racism, segregation, and enforcing civil rights.