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Consumer rights and responsibilities

A new company...

Question

A new company is formed in ______________.

A

Absorption

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B

Amalgamation

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C

Internal Reconstruction

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D

External Reconstruction

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Solution

The correct option is B Amalgamation
When two or more companies are merged together to form a new entity, it is called amalgamation. In case of amalgamation, all the assets and liabilities of the existing companies are taken by the newly formed company.

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