Tasmo Inc. and Velmo Inc. are both corporations that manufacture metal snaps, so they are competitors. Velmo has a huge part of the market share but also has huge outstanding debt. Tasmo is a newcomer to the market with minimal outstanding debt. Tasmo and Velmo decide to merge their companies to improve their market share and financial picture. After the merger is completed, Tasmo is the company that remains. Who will be responsible for Velmo's outstanding debt? Tasmo O Velmo's debt will go away when the parties merge because the original corporation no longer exists. Velmo X Velmo must satisfy all outstanding debt before the merger can be completed