Which of the following is a business owned by one individual, with no legal personality separate from…
A sole proprietorship is the business carried on by its individual owner under a business name. It has no independent legal personality, and litigation concerning that…
Choose your answer
Which of the following is a business owned by one individual, with no legal personality separate from that proprietor, so that the proprietor is the real party when the business sues?
Answer and explanation
Correct answer A
A sole proprietorship is the business carried on by its individual owner under a business name. It has no independent legal personality, and litigation concerning that business is by or against the proprietor.
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