If an Existing Business Is Purchased, the Buyer May Be

question 95

True/False

If an existing business is purchased, the buyer may be potentially liable for past business contracts.

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Definitions:

Self-actualized

A state in which a person is fully realizing their potential, including their talents, abilities, and personal qualities, as described in Maslow's hierarchy of needs.

Creative Talents

Innate or cultivated abilities that enable individuals to produce original ideas, solutions, or artistic expressions.

Innate

Existing from birth, inherent, or naturally occurring without being learned through experience.

Self-actualization

The process of realizing and fulfilling one's own potential, capacities, and talents to the fullest.