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Fact Pattern 41-2​ Shale Oil Corporation Combines Its Assets and Debts with Those

Question 5

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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.

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