?Which of the following is an advantage of a sole proprietorship?
A. ?The sole proprietorship continues upon the death of the owner.
B. ?The sole proprietor is entitled to all of the profits of the firm.
C. ?The sole proprietor is personally liable for all debts and obligations of the firm.
D. ?The sole proprietor is dependent on loans made by lending institutions and others for capital expansion.
Answer: B
You might also like to view...
Mandatory primary sources in legal research must be?
A. ignored. B. followed. C. dismissed. D. rejected.
What is the process of determining if the law found in the primary sources can be applied to your case?
A) similar law analysis B) similar fact analysis C) legal precedent D) case on point
An ideal case on point would have which of the following elements in common with your case??
A. ?The parties B. ?The circumstances C. ?The legal issues involved D. ?The remedies sought by the plaintiff E. ?All of these choices are correct.
The keyword approach is always an effective method of legal research
Indicate whether the statement is true or false