Examlex
Which of the following is not true of an equity carve-out?
Assets
Resources owned or controlled by a business, individual, or entity which have value and can be used to meet debts, commitments, or legacies.
Profits
The financial gain obtained when the revenue from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.
Misconduct
Improper or unethical behavior, often violating the rules or norms of a professional environment.
Liable
Obligated by law.
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