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All main topics / Law / International Law / LAW
119
Downwind Properties Corporation and Eastern Investments Company transfer their property to Financial Management, Inc., which manages the property and distributes the profits to Downwind and Eastern. This form of a business organization is

a. a business trust.
b. a joint stock company.
c. a joint venture.
d. a syndicate.
a. a business trust.

Begr√ľndung:
With a business trust, legal ownership and management of the property of the business stay with one or more of the trustees, and the profits are distributed to the beneficiaries.
Tags: Business Trust
Source: p. 88
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Flashcard info:
Author: Elisa
Main topic: Law
Topic: International Law
School / Univ.: Hanze Hogeschool
City: Groningen
Published: 14.02.2010

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