Exam 40: Corporations: Mergers, consolidations, terminations

When an asset purchase occurs,the acquiring corporation assumes ownership and control over tangible,but not intangible,assets of the selling corporation.

Merger cannot occur between foreign out-of-state)corporations.

Under what circumstances may a court order an involuntary dissolution of a corporation?

After acquiring a substantial number of the target corporation's shares,what is generally the next step for an aggressor,and why?

Which of the following is true regarding Tyler's belief that Alec will be unable to collect anything for the accident after the joining of the businesses?

In a merger situation,which of the following is a term for the remaining corporation?

Death of a corporation occurs in which of the following phases?

Which of the following is generally false regarding the surviving entity in a merger situation?

Is Myron correct that the vote by Cheeseland's Board of Directors is legitimate to finalize the deal between the two companies?

Which of the following is true about acquisitions of domestic and foreign corporations?

Which of the following should occur in the face of the board not wishing to be involved in liquidation proceedings?

Asset purchases are similar to mergers and consolidations because a corporation that purchases the assets of another corporation generally acquires its liabilities.

What is the difference between the procedures governing mergers and consolidations?

Armando Investment Group wants to take over TechInfo.Armando offers several key shareholders of TechInfo a price above full market value for their stock.What type of takeover is Armando contemplating?

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

Which of the following results in a "chose in action"?

Is InfoHub likely to refuse to provide the shareholder list?

When two or more corporations are combined,and neither of the original corporations continues to exist legally,it is called:

List in detail the four universal requirements for a merger or acquisition,including what most states require in regard to shareholder approval.

In the attempt of Grow True Corporation to gain control,which of the following terms describes Grassroots Corporation?