Multiple Choice
Fact Pattern 41-1B
Shrimp Boat Company decides to consolidate its operations with Trawlers,Inc. ,to form Coastal Fishers Corporation (CFC) .
-Refer to Fact Pattern 41-1B.Trawlers owed money to View Harbor Storage and other creditors.After the consolidation,CFC must pay
A) all of Trawlers' debts.
B) half of Trawlers' debts.
C) none of Trawlers' debts.
D) only debts that Trawlers incurred after consolidation was proposed.
Correct Answer:
Verified
Correct Answer:
Verified
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