The corporation that __________ the other in a merger also inherits the other corporations preexisting legal rights.
Fill in the blank(s) with the appropriate word(s).
Ans: absorbs
Business
You might also like to view...
The difference between the issue price per share of common stock and the par value per share of the stock is credited to:
A) Retained Earnings. B) Common Stock. C) Paid-in Capital in Excess of Par—Common. D) Goodwill.
Business
Which of the following terms designates the legal ability of a party to enter into a contract?
A)Consent B)Affirmation C)Materiality D)Capacity
Business