A transfer that happens when the owner realizes there is little chance of being able to sell the firm and gives the firm to someone as a gift,without compensation is called _____.

Name: A transfer that happens when the owner realizes there is little chance of being able to sell the firm and gives the firm to someone as a gift,without compensation is called _____.
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Question

Quizplus · Accepted Answer

A "pass off" refers to transferring ownership of a firm as a gift without compensation, typically when the owner cannot sell it.

A Transfer That Happens When the Owner Realizes There Is