A sole proprietor is not only responsible for his own conduct but also for the wrongful conduct of any employee done in the course of employment.
Correct Answer:
Verified
Q120: In the modern economy, agency-by-necessity situations are
Q121: The requirement of unanimous consent protects partners.
Q122: A sole proprietor is free from regulatory
Q123: Chan sold a business to Scott and
Q124: Usually, the name of the business must
Q126: Societies are separate legal entities, separate and
Q127: The partners can change the terms of
Q128: The Partnership Act allows partners to change
Q129: It is possible through a partnership agreement
Q130: Unlimited liability means that an investor can
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