Which of the Following Forms of Business Organizations Terminates When

question 43

Multiple Choice

Which of the following forms of business organizations terminates when the ownership structure changes?

• A) corporation
• B) partnership
• C) share capital
• D) shareholders' equity

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Definitions:

Remediation Requirements

Regulations or directives that outline the necessary actions to correct or remedy a violation or failure to meet certain standards or conditions.

Anticipatory Breach

An advance determination that a party will not perform his or her part of a contract when the time for performance arrives.

Re-zone

Changing the zoning classification of a particular area to permit new uses or activities that were previously not allowed.

Misrepresentation

A false statement or deception made by one party that induces another to enter into a contract or agreement.