The sale and distribution of the assets of a business on its termination is
A)a takeover.
B)dissolution.
C)a breach of fiduciary duty.
D)liquidation.

Name: The sale and distribution of the assets of a business on its termination is A)a takeover. B)dissolution. C)a breach of fiduciary duty. D)liquidation.
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Quizplus · Accepted Answer

Liquidation refers to the process of selling off a company's assets to pay off creditors and distribute any remaining assets to the owners or shareholders when a business is terminated.

The Sale and Distribution of the Assets of a Business