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Zaina Karylle
on Nov 21, 2024

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Momentum Inc. and Fellows Inc. execute a legal contract that combines Fellows Inc. into Momentum Inc. What is this called?

A) A merger
B) A consolidation
C) An executed company
D) A contractual company
E) A reorganization

Legal Contract

An agreement between parties that is enforceable by law, characterized by valid offer, acceptance, consideration, and mutual intent to be legally bound.

Merger

The combining of two or more companies into a single entity, often to expand market share or reduce competition.

Consolidation

The process of combining multiple entities or financial accounts into a single entity or account for reporting purposes.

  • Gain insight into the unique characteristics distinguishing mergers, consolidations, and asset purchases.
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Sintujan NallathambyNov 23, 2024
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