Carl sells Direct Marketing Enterprises,a sole proprietorship,to Erv.This is a transfer of

Question

Quizplus · Accepted Answer

When Carl sells his business, Direct Marketing Enterprises, to Erv, it involves a transfer of ownership of that business. Therefore, option D is the correct answer in this scenario.

Option A is incorrect because a license cannot be transferred for a business entity. 
Option B is incorrect because a trade name is simply a name under which a business operates and does not constitute the entire business itself. 
Option C is also incorrect because the formula to make a product is just the intellectual property owned by the business which can be transferred, but it does not constitute the entire business in itself.

Carl Sells Direct Marketing Enterprises,a Sole Proprietorship,to Erv