Which one of the following statements correctly describes a characteristic of an entity purchase agreement?

A)

Individual owners each have the obligation to sell or offer to sell his or her interest to the other business interest owners when specified events occur.

B)

A business entity has the obligation or option to purchase another business entity when specified events occur.

C)

The business entity has the obligation or option to purchase every business owner's interest when specified events occur.

D)

A business interest owner has the obligation or option to sell his or her interest to a non-affiliated third party when specified events occur.