The Basic Stages in the Process of Selling a Business

question 27

Multiple Choice

The basic stages in the process of selling a business do not usually include:

• A)deregistration.
• B)valuation.
• C)due diligence.
• D)settlement.

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Definitions:

Enforce

To compel obedience to a law, rule, or obligation through the imposition of penalties or legal sanctions.

Judgment

The final decision made by a court regarding the outcome of a legal case, determining the rights and obligations of the parties involved.

Breach Of Contract

The failure to perform any term of a contract, written or oral, without a legitimate legal excuse, which allows the other party to seek relief or damages.

Civil Court

A court dealing with non-criminal disputes, including personal injury, breach of contract, and family law cases.