Refer to Fact Pattern 40-2A. Royal Oil Assumes

question 21

Multiple Choice

Refer to Fact Pattern 40-2A. Royal Oil assumes

• A) all of Petro's and Quality's assets.
• B) half of Petro's and Quality's assets.
• C) none of Petro's and Quality's assets.
• D) only debts that Petro and Quality incurred after a combina?tion was proposed.

---

Definitions:

Status Differentials

The variations in prestige, authority, or rank among members within a social group or organization.

Polite Request

A respectfully framed appeal or petition made to someone.

Legitimate Power

Authority that is officially granted to a leader or manager by an organization, recognized as rightful by those who are governed by it.

Authority

The power or right to give orders, make decisions, and enforce obedience.