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Buylsell. agreements can be used to predetermine the purchase and sale of business assets in...

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Accounting

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Buylsell. agreements can be used to predetermine the purchase and sale of business assets in the event of the death disablity, critical iliness or retirement of a business owner. Often agreements are drafted covering all fventualises Here we will deal exclusively with the disabiity of a business owner. The key to an effective buylsell agreement is certainty: the parties to the agreement must know a number of items in advance. Listed below are items that may be. important for consideration: 1. Under what circumstances is the agreement triggered? 2. Who will be the lawyer of the buyer? 3. Will the current owner be required to sell the business interest? 4. Who is required to buy the business interest? 5. When must the purchase and sale take place? 6. Who decides the purchase price? Which for (4) are key considerations? Select one: a. 1,2,3&5 b. 1, 3,4\&5 C. 1,2,384 d. 2,3,4&5

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