In a Consolidation,shareholders of the New Corporation Create New Articles

question 12

Multiple Choice

In a consolidation,shareholders of the new corporation create new articles of incorporation called ____.

• A) Revised articles of incorporation
• B) Merged articles of incorporation
• C) Articles of consolidation
• D) Revised articles of consolidation
• E) Independent articles of combination

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Definitions:

Pay To The Order

A directive on a negotiable instrument, such as a check, indicating that the designated amount should be paid to the entity or person specified.

Drawer

The person who writes or issues a check, draft, or bill of exchange, thereby creating an obligation to pay.

Payee

The individual or entity to whom money is payable, typically the recipient of a check or electronic payment.

Demand Instrument

A financial document, like a check or promissory note, that is payable on demand or presentation.