Edmond Is Negotiating to Purchase an Existing Business

question 63

Multiple Choice

Edmond is negotiating to purchase an existing business. One provision he should write into the sale contract is

• A) access to the seller's customer list.
• B) disclosure of the business's revenues for the last year.
• C) a statement of the royalties payable to the seller.
• D) a noncompete agreement.

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Definitions:

Van Gennep

Arnold van Gennep was a French ethnographer and folklorist best known for his work on rites of passage and the structure of rituals.

Durkheim

Emile Durkheim, a founding figure in sociology, known for his work on social solidarity, the sociology of religion, and the study of suicide.

Psychological Tensions

Internal conflicts or stresses that arise from opposing thoughts, beliefs, or emotions.

Rituals

Ceremonial acts or series of acts performed in a prescribed order, often marking significant life events or religious practices.