Match Each Statement with the Correct Choice

question 37

Multiple Choice

Match each statement with the correct choice. Some choices may be used more than once or not used at all.
-Surviving owners agree to purchase withdrawing owner's interest.

• A)Use IRS valuation tables
• B)Blockage rule
• C)Special use value
• D)Best or most suitable use value
• E)Cost of going public
• F)Replacement cost of a comparable contract
• G)Portion of a deceased spouse's share of community property that passes to a surviving spouse
• H)Cross-purchase buy-sell agreement
• I)Entity buy-sell agreement
• J)Bypass amount
• K)No correct choice is given

---

Definitions:

Defenses

Legal strategies and arguments put forward in order to defeat or mitigate claims in litigation.

Restatement Third

A set of legal principles in the United States that organizes, clarifies, and suggests improvements for tort, agency, trusts, property, restitution, suretyship, and other areas of the law.

Economic Harm

covers the financial losses and damages suffered by an individual or entity due to another's actions or failure to act.

Intentional

In law, actions performed with the conscious objective or purpose to accomplish a particular result.