Corn candy corporation ccc has a right of action

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3. Corn Candy Corporation (CCC) has a right of action against Bio Farms, Inc. CCC merges with Agri Sweeteners, Inc., with Agri absorbing CCC. After the merger, CCC's right of action against Bio Farms can be exercised by a. CCC. b. Agri Sweeteners. c. Bio Farms. d. no one. ANS: B REF: p. 796
4. A merger between Grain Mills Corporation and Farm2Fork Distribution Inc. can be expressed as Grain Mills + Farm2Fork = REF: p. 796
Fact Pattern 41-1B Shrimp Boat Company decides to consolidate its operations with Trawlers, Inc., to form Coastal Fishers Corporation (CFC). 5. Refer to Fact Pattern 41-1B. Trawlers had rights in certain property. After the consolidation, CFC acquires the rights REF: p. 797
6. Refer to Fact Pattern 41-1B. Trawlers owed money to View Harbor Storage and other creditors. After the consolidation, CFC must pay REF: p. 797
7. Refer to Fact Pattern 41-1B. The articles of consolidation differ from Shrimp Boat's articles of incorporation. The articles a. are replaced by Trawlers' articles of incorporation. b. are replaced by the articles of consolidation. c. effectively prevent the consolidation. d. prevail. ANS: B REF: p. 797

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