A Sole Proprietor Does not Have the Responsibility of Vicarious

question 61

True/False

A sole proprietor does not have the responsibility of vicarious liability.

---

Definitions:

Cosign

To sign a legal document alongside another person, often agreeing to share the responsibility for fulfilling the terms of the document, such as repaying a loan.

Minor

An individual under the legal age of adulthood, typically under 18 years old, with limited legal rights and responsibilities.

Liable

Legally responsible or obligated to answer for actions or to compensate for harm or damage caused.

Misrepresents

Providing false or misleading information or statements.