Multiple Choice
Fact Pattern 41-3
DIY Fasteners Company decides to consolidate its operations with Evergrip Studs, Inc., to form Fit-Rite Bolts & Screws Inc.
-Refer to Fact Pattern 41-3. Evergrip owed money to Guaranty Bank and other creditors. After the consolidation, Fit-Rite must pay
A) all of Evergrip's debts.
B) half of Evergrip's debts.
C) none of Evergrip's debts.
D) only debts that Evergrip incurred after consolidation was proposed.
Correct Answer:
Verified
Correct Answer:
Verified
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