Which of the following is true of a business operating under sole proprietorship?
A. It is not considered a separate legal entity.
B. It cannot be sold when the owner decides to do so.
C. It requires governmental approval when being transferred.
D. It has access to unrestricted capital by means of investments.
Answer: A
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Under the UCC, a firm offer for a sale or lease of goods made by a merchant can be revoked at any time before acceptance
a. True b. False Indicate whether the statement is true or false
Fragile products that require special handling are more likely to be distributed through
A. longer channels. B. shorter channels. C. direct channels. D. strategic alliances. E. exclusive outlets.
In most states, the seller of a new house warrants that it is fit for habitation even if the deed does not include such a warranty.
Answer the following statement true (T) or false (F)
For a memorandum to be incorporated into a will, which of the following conditions must be met?
A) It must be in writing. B) It must be in existence when the will is executed. C) It must be adequately described in the will. D) All of these.