True/False
When a sale of assets amounts to what in fact is a consolidation,the ac-quiring corporation inherits the selling corporation's liabilities.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q4: A firm named Scientific Discovery Corporation (SDC)makes
Q36: Jen files a suit against Kopper Kettle
Q47: Selecting the state in which to incorporate
Q49: Skyla and Terry want to form and
Q53: Precise Device Corporation and Quality Instruments, Inc.,
Q53: A merger and a consolidation are not
Q54: Ruff Games,Inc.,wishes to ac-quire a controlling interest
Q55: An appraisal right is available only when
Q63: A de jure corporation is one that
Q68: Like the bylaws of other corporations, the