Question

Fact Patter 40-2
Ample Corporation combines its assets and debts with those of Xantha Corporation to form AXCorp.
Refer to Fact Pattern 40-2. AXCorp assumes
a. all of Ample's and Xantha's debts.
b. half of Ample's and Xantha's debts.
c. none of Ample's and Xantha's debts.
d. only debts that Ample and Xantha incurred after their combination was proposed.

Answer

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