Asked by
Logan Hyduke
on Nov 21, 2024
Verified
A(n) ________ is the right of the surviving corporation's to sue for debt and damages on behalf of the absorbed corporation.
A) right of recovery
B) protected right
C) recovery lawsuit
D) chose in action
Right of Recovery
The legal right to seek compensation or restitution for a loss, damage, or injury suffered.
Surviving Corporation
In a merger or consolidation, the corporation that continues to exist, absorbing the business of the other entity.
Chose in Action
represents a personal right to property not yet in the holder's possession but recoverable by legal action.
- Ascertain the duties and rights associated with target and acquiring entities within mergers and acquisitions.
Verified Answer
DW
Learning Objectives
- Ascertain the duties and rights associated with target and acquiring entities within mergers and acquisitions.
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