May the bank recover the money from camping world

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Oak Lumber Co. is a benefit corporation. It has received a very generous offer to merge into Ramos Wood Corp., which will be very advantageous to Oak's shareholders. If the merger is accomplished, a number of Oak's employees will lose their jobs, which will affect the local economy in its hometown. Must Oak accept the offer to merge? Discuss. Camping World Inc. owns 100 percent of the stock of Leisure Adventure Inc. Leisure Adventure owes $50,000 to the Bank of America. May the bank recover the money from Camping World because it owns all of Leisure Adventure's stock? Discuss.

Reference no: EM133615683

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