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Jack Smith's corporation intends to sell all of its assets to Tom Tarpley's corporation. Tarpley's corporation is going to assume all the previous business of
Jack Smith's corporation intends to sell all of its assets to Tom Tarpley's corporation. Tarpley's corporation is going to assume all the previous business of Smith's corporation. Smith's corporation would cease to do business once the sale of the assets takes place. The following questions concern what would happen as a result of the sale of the assets. What factors may be considered in determining whether or not this scenario would qualify as a de facto merger? a. Both of these are correct. b. Continuation of previous business activity and corporate personnel c. Immediate or rapid dissolution of the predecessor corporation
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