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Question
Shale Oil Processing Corporation combines its assets and debts with those of Tierra Frakking Company to form United Resources, Inc. Shale and Tierra cease to exist.United Resources assumes
a. all of Shale's and Tierra's debts.
b. half of Shale's and Tierra's debts.
c. none of Shale's and Tierra's debts unless there is a formal transfer of liability.
d. only debts that Shale and Tierra incurred after a combination was proposed.
Answer
This answer is hidden. It contains 1 characters.
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