Without the capacity to borrow capital in its own right,how do you think the form of Sebastian's business will be legally described in a lending agreement?

Question

Quizplus · Accepted Answer

A sole proprietorship is a business owned and operated by one individual, and it does not have the capacity to borrow capital in its own right, as it is not a separate legal entity from its owner.

Without the Capacity to Borrow Capital in Its Own Right,how