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The name Utility was adopted after the company had pivoted toward the manufacturing of trailers for the burgeoning diesel truck market of the early 20th century; most of Utility's clientele were California's original utility companies, and the name stuck. [3] Ownership of Utility has remained within the Bennett family since its founding. [4]
A purchase and sale agreement (PSA), also called a sales and purchase agreement (SPA) [1] or an agreement for purchase and sale (APS), [2] is an agreement between a buyer and a seller of real estate property, company stock, or other assets.
Buy–sell agreement can be in the form of a cross-purchase plan or a repurchase (entity or stock-redemption) plan. For greater neutrality and effectiveness of the buy–sell arrangement, the service of a corporate trustee is recommended. Profit or loss from a buy-sell agreement may trigger tax conquencess and taxable income. [2]
72-hour kick out contingency - Seller contingency, in which the seller accepts a contract from a buyer with a contingency (typically a home sale or rent contingency where the buyer conditions the sale on their ability to find a buyer or renter for their current property prior to settlement). The seller retains the right to sell the property to ...
Fruehauf Trailer Corporation, previously Fruehauf Trailer Company (1918–1963) and Fruehauf Corporation (1963–1989), [1] was an American company engaged in the manufacture and sale of truck trailers, and other machinery and equipment, with headquarters located in Detroit, Michigan.
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