Final answer:
To create an explicit life event for two specific legal entities, choose option C and leave the Global checkbox blank on the Create Life Event page.
Step-by-step explanation:
In order to create an explicit life event that can be used only in two specific legal entities, you would choose option C on the Create Life Event page. Under General Information, you would leave the Global checkbox blank and add the specific legal entities. By leaving the Global checkbox blank, you are ensuring that the life event is not applicable to all legal entities in the system, but rather only to the ones you add.