Unclaimed Property Is Often Transferred to the Government Under the Concept

question 39

True/False

Unclaimed property is often transferred to the government under the concept of escheat.

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Definitions:

Toluene

A colorless, water-insoluble liquid hydrocarbon (C7H8) derived from coal tar or petroleum, used as a solvent and in the manufacture of various chemicals.

Mononitration Product

A compound resulting from the introduction of one nitro group (-NO2) into a molecule, typically through a nitration reaction.

Major Organic Product

In an organic chemistry reaction, the principal product that is synthesized in the most significant quantity.

Benzene

A basic and important aromatic hydrocarbon with a ring structure that consists of six carbon atoms with alternating double and single bonds.