Question

During the war, all the members of a private company were killed while they were in general meeting in a bomb attack. The question is whether the company will __________________.

• A. survive
• B. dissolve
• C. declared dead
• D. none of the above

Answer 1

Answer: (A)

survive

When a Business Owner Dies Without a Plan, Business Structure Governs. Sole Proprietorship. If Sue, the sole proprietor of Sue's Shoppe dies, so will the Shoppe. Sue's estate will liquidate the assets of the business to pay off the business debts, and anything remaining will be distributed in accordance with Sue's will.