Sources of Potential Legal Liabilities for the Buyer of an Existing

question 54

Multiple Choice

Sources of potential legal liabilities for the buyer of an existing business include all but which of the following?

• A) Problems with the physical premises, such as hazardous materials.
• B) Product liability claims.
• C) Labor problems and disputes.
• D) Errors and omissions.

---

Definitions:

Demographic Transition

A theory describing the transformation of a country's population structure from high birth and death rates to low birth and death rates, often in conjunction with economic development.

Fewer Children

A demographic trend where families are having fewer children than previous generations, often associated with societal changes or advancements.

Kerala

A state in southern India, known for its lush landscapes, backwaters, rich culture and history, as well as significant achievements in literacy and health standards.