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    Exam 25: Alternatives for Insolvent Borrowers
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    A Nonstatutory Option in Which a Venture Simply Ceases Operations
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A Nonstatutory Option in Which a Venture Simply Ceases Operations

Question 24

Question 24

Multiple Choice

A nonstatutory option in which a venture simply ceases operations without paying creditors is called


A) Lights-out option
B) Foreclosure
C) Termination of existence
D) Final dissolution

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