Question

Grandview Office Suites, Inc., merges with Hilltop Commercial Properties, Inc. Only Hilltop remains.
Grandview owed money to Innovative Dcor, Inc., and other creditors. After the merger, Hilltop must pay
a. all of Grandview's debts.
b. half of Grandview's debts.
c. none of Grandview's debts unless there is a formal transfer of liability.
d. only debts that Grandview incurred after a merger was proposed.

Answer

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