A(n)________ Is a Contract That Co-Owners Often Rely on to Ensure

question 79

Multiple Choice

A(n) ________ is a contract that co-owners often rely on to ensure the continuity of a business.

• A)irrevocable trust
• B)buy/sell agreement
• C)trust
• D)grantor retained annuity trust (GRAT)

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Definitions:

Relatives

Family members connected by blood or marriage, including parents, siblings, and cousins.

Positive

Relating to or characterized by the presence or possession of features or qualities rather than their absence.

Schizophrenia

A persistent mental illness defined by changes in thought processes, sensory experiences, emotional states, communication, self-awareness, and conduct.

Relapse

The recurrence of symptoms or deterioration in a patient's state of health after a period of improvement.