In a "Type A" merger, the acquiring corporation may select which liabilities of the target it assumes, but in a "Type A" consolidation, all of the liabilities (known and contingent) must be assumed by the new corporation
a. True
b. False
Indicate whether the statement is true or false
False
RATIONALE: In either a merger or consolidation, all of the liabilities are assumed by the acquiring corporation in a merger or by the new corporation in a consolidation.
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