When the Owner of a Sole Proprietorship Dies, the Business

question 39

True/False

When the owner of a sole proprietorship dies, the business does not dissolve-it is automatically transferred to family members or other heirs.

---

Definitions:

Sedimentary Rocks

Rocks formed by the accumulation and consolidation of sediment, which can include minerals and organic matter, typically found in layered deposits.

Fractured Granitic

Describes granitic rock that has been broken or cracked, often by natural processes such as tectonic movement or weathering.

Metamorphosed Rocks

Rocks that have undergone a physical or chemical change due to extreme heat and pressure, altering their original mineralogy and texture.

Mineral Deposit

Dense gatherings of minerals from which materials of economic value can be obtained.