A Buy-Sell Agreement:

A Buy-Sell Agreement:



a. Provides a business with funds in the event of the death of a key person who is not an owner

b. Describes which relatives of a business owner have the right to purchase that person's interest in the business upon death

c. Assures the continuation of the business by providing benefits to the surviving business partners to buyout a business partner's interest in the event one of them dies unexpectedly

d. Specifies the conditions and requirements that are necessary to sell the business to a third party if a business owner dies unexpectedly



Answer: A

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