When Conrad Purchased His Business, He Purchased It as a Total

question 24

Multiple Choice

When Conrad purchased his business, he purchased it as a total entity.As a result,

• A)Conrad got only the liquid assets of the business.
• B)Conrad got both liquid assets and the real estate of the business.
• C)the seller must pay any outstanding debt held by the business.
• D)Conrad assumed responsibility for all outstanding debts incurred by the business.

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The way in which two or more concepts, objects, or people are connected, or the state of being connected.