Examlex
Which of the following is an advantage of a sole proprietorship?
Merchant
A person or company involved in wholesale trade, especially one dealing with foreign countries or supplying merchandise to a particular trade.
Implied Warranty
An implied warranty is a legal assumption in sales that the goods sold meet certain quality and reliability standards, even if not expressly stated.
Express Warranty
A clearly stated promise or guarantee made by a seller that a product will meet certain standards of quality and reliability.
Merchantability
An implied warranty that goods for sale are reasonably fit for the general purpose for which they are sold.
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