A Combination of Two Entities in Which Only One Legally

question 108

Multiple Choice

A combination of two entities in which only one legally ceases to exist is:

• A)a subsidiary.
• B)a parent company.
• C)a consolidation.
• D)a merger.

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Definitions:

Purchaser

A person or organization that purchases products or services.

Life Estate

A property interest that lasts for the lifetime of a specific individual, after which the property passes to another designated party.

Finder

An individual or entity that identifies and facilitates a business opportunity or the recovery of lost or unclaimed assets for a fee.

Proper Owner

The legitimate or rightful holder of property, who has legal title or claim to it.