Multiple Choice
Fact Pattern 41-2
Shale Oil Corporation combines its assets and debts with those of Tierra Frakking Company to form Unified Resources, Inc. Shale and Tierra cease to exist.
-Refer to Fact Pattern 41-2. Unified Resources acquires
A) all of Shale's and Tierra's assets.
B) half of Shale's and Tierra's assets.
C) none of Shale's and Tierra's assets unless there is a formal transfer.
D) only assets that Shale and Tierra acquired after a combination was proposed.
Correct Answer:

Verified
Correct Answer:
Verified
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