In a merger or consolidation, the surviving corporation gener succeeds to all the rights and property of the predecessor. O True O False Questiv Pe What is not a correct statement concerning promoters? O Promoters are generally active before the corporation is formed. O Promoters are fiduciaries with respect to the corporation and its shareholders. O Promoters are liable for any torts that they commit while promoting the corporation OTwo (2) or more promoters are required to form a corporation Question 94 1 pts In a merger or consolidation, the surviving corporation generally succeeds to all the rights and property of the predecessor. O True O False Question 95 1 pts Restrictions on the transfer of stock are always valid O True O False