Two corporations agreed to merge. They then executed an agreement specifying the surviving corporation and the...

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Two corporations agreed to merge. They then executed an agreement specifying the surviving corporation and the absorbed corporation. Under the agreement of merger dated August 5, 2020, the surviving corporation acquired all the rights, properties and liabilities of the absorbed corporation. A. What would happen to the absorbed corporation? Must the absorbed corporation undertake dissolution and the winding up procedures? Explain your answer. Your answer B. Pending the approval of the merger by the SEC, may the surviving corporation already collect all receivables due to the absorbed corporation from its customers/debtors? Explain your answer. Two corporations agreed to merge. They then executed an agreement specifying the surviving corporation and the absorbed corporation. Under the agreement of merger dated August 5, 2020, the surviving corporation acquired all the rights, properties and liabilities of the absorbed corporation. A. What would happen to the absorbed corporation? Must the absorbed corporation undertake dissolution and the winding up procedures? Explain your answer. Your answer B. Pending the approval of the merger by the SEC, may the surviving corporation already collect all receivables due to the absorbed corporation from its customers/debtors? Explain your answer.

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A Merger is the combination of two companies into one single entity ABA The surviving corporati... View the full answer