An Organization Form That Limits Business Transactions to a Single

question 99

Multiple Choice

An organization form that limits business transactions to a single location is

• A)an unit bank.
• B)a multibank holding company.
• C)a one-bank holding company.
• D)an interstate bank.
• E)a fully integrated universal bank.

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Definitions:

Inter Vivos Gift

A gift made during the giver's lifetime, without expectation of death, transferring ownership immediately.

Legal Accept

Formal consent to the terms of an offer or agreement, thereby making it legally binding.

Donative Gift

A gift given without expectation of receiving something in return, intended as an act of generosity or charity.

True Value

The actual, inherent worth of an asset, not influenced by market conditions or sentimental perceptions.