Multiple Choice
Fact Pattern 40-1B
Shrimp Boat Company decides to consolidate its operations with Trawlers, Inc., to form Unique Fishers Corporation .
-Refer to Fact Pattern 40-1B. Trawlers had rights in certain property. Af?ter the consolidation, UFC acquires the rights
A) automatically.
B) only after completing certain additional statutory procedures.
C) only if Trawlers' former shareholders expressly approve.
D) only if the acquisition is a specified result of the consolidation.
Correct Answer:
Verified
Correct Answer:
Verified
Q12: Florence and Grady pool their money and
Q18: In most cases, merging corporations' officers and
Q19: Candy Corporation has a right of action
Q20: A merger between Frosted Confections, Inc., and
Q21: Refer to Fact Pattern 40-2A. Royal Oil
Q22: Once formed, a corporation cannot be dissolved
Q24: Fact Pattern 40-3A <br>Atlantic Corporation's articles of
Q25: Fact Pattern 40-3A <br>Atlantic Corporation's articles of
Q26: Through a certain transaction, Corporate Properties, Inc.,
Q27: Realty Credit Company and Second Mortgage Corporation