Question: Chapter 14 - Question 3 : Show me the answer. Thank you Alpha partnership has 8 partners who have entered into a binding buy/sell agreement

Chapter 14 - Question 3 :

Show me the answer. Thank you

Alpha partnership has 8 partners who have entered into a binding buy/sell agreement that requires any surviving partners to purchase the partnership interest of any partner to die. The partnership uses an entity approach to fund this arrangement. How many policies are required to satisfy this arrangement?

A. 1.

B. 8.

C. 16.

D. 64.

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