Assume That an Entrepreneur Signs an Agreement with a Bank

Multiple Choice

Assume that an entrepreneur signs an agreement with a bank wherein the bank holds title and ownership of the entrepreneur's business and will transfer that title and ownership to the entrepreneur's child when the child reaches the age of 21. This kind of an arrangement is known as

A) a limited partnership.
B) a corporation.
C) a trust.
D) a business valuation plan.
E) None of the above.