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If a Genuine Change of Employer Exists but the Employing

question 52

Multiple Choice

If a genuine change of employer exists but the employing industry remains substantially the same, the successor employer ________.


Definitions:

Legal Agreement

A contract that outlines terms and conditions between parties, binding them legally.

UPA

Uniform Partnership Act, which is legislation adopted by some states in the USA to govern partnerships.

Limited Liability

A legal status where an individual's financial risk is restricted to a fixed amount, typically the value of their investment in a company, protecting personal assets from business debts.

Corporation

A legal entity recognized by law as separate from its owners, with its own rights, responsibilities, and liabilities.

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