In Which of the Following Situations Will the Vendor and Purchaser

Multiple Choice

In which of the following situations will the vendor and purchaser be able to file a joint election to treat the supply as if it were zero-rated?

A) The vendor is selling substantially all of the assets of his business. The vendor is a GST/HST registrant but the purchaser is not.
B) The vendor is selling the majority (60 percent) of the assets of the business. Both the vendor and the purchaser are GST/HST registrants.
C) The vendor is selling the shares of the business. Both the vendor and the purchaser are GST/HST registrants.
D) The vendor is selling substantially all of the assets of his business. Neither the vendor nor the purchaser are GST/HST registrants.