Asked by Branevi Pakeerathan on Jul 26, 2024
Verified
In a consolidation , two or more corporations combine in such a way that only one of the corporations continues to exist.
Consolidation
The process of combining assets, liabilities, and other financial items of two or more entities into one.
Corporations
Legal entities that are separate from their owners, offering limited liability to its shareholders, and created under corporate law.
- Discern the legal disparities between surviving entities and those that are absorbed in the processes of mergers and consolidations.
Verified Answer
JS
Jaden SmithJul 27, 2024
Final Answer :
False
Explanation :
In a consolidation, two or more corporations combine to form a completely new corporation, and none of the original corporations continue to exist.
Learning Objectives
- Discern the legal disparities between surviving entities and those that are absorbed in the processes of mergers and consolidations.