Which of the Following Would Be Considered a Reason for Corporate

question 20

Multiple Choice

Which of the following would be considered a reason for corporate restructuring?

• A)Only statement I is correct
• B)Only statement II is correct
• C)Both statements I and II are correct
• D)Neither statement I nor II is correct

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Definitions:

Title

The legal right to own, use, or dispose of property, goods, or intellectual property.

Risk of Loss

The potential for an asset to be damaged, destroyed, or lost, and the consideration of who bears this responsibility until the asset is delivered.

Insurable Interest

A principle requiring that a person purchasing insurance has a legitimate interest in the continuation of the life, property, or event insured, enough to incur a financial loss if the insured risk occurs.

Shipment Contract

A contract that requires the seller to arrange for the transportation of goods to the buyer, where the risk of loss passes to the buyer upon the seller's delivery to the carrier.