Jack is the sole proprietor of Jack's Appliances.He gives out a 5-year warranty on all appliances that he sells.Sara buys a stove from him.A year later,Jack dies and the business is sold to Ken.Sara can now enforce the warranty against Ken.
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Q12: In order to use a fictitious name,a
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Q14: There are no disadvantages to doing business
Q15: It is difficult to transfer or sell
Q16: Ease and cost of formation have little
Q18: A sole proprietor is personally liable for
Q19: Sole proprietorships are the most common form
Q20: A sole proprietorship is a separate legal
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Q22: A release of one partner does not
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