A sole proprietor has unlimited liability for:
A) personal,but not business debts
B) business,but not personal debts
C) both business and personal debts
D) neither business nor personal debts
Correct Answer:
Verified
Q47: The dissolution of a partnership discharges the
Q48: Mark operates an auto parts shop.The shop
Q49: Betty starts up a business selling party
Q50: The major disadvantage of a sole proprietorship
Q51: The major advantage of a sole proprietorship
Q52: Does a sole proprietor have unlimited liability
Q53: Lorna has recently developed a software program
Q54: If a business,having one owner,is started without
Q55: Which of the following businesses can be
Q57: Which of the following is true about
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents