An Advantage of Forming a Sole Proprietorship Is That It

question 159

True/False

An advantage of forming a sole proprietorship is that it allows the owner to have more time for leisure activities.

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Definitions:

Material Breach

A significant violation of a contract that justifies termination of the agreement by the other party.

Major Difficulties

Challenges or obstacles of significant magnitude that impede progress or achievement.

Terminated

Ended or concluded, often referring to contracts, employment, or agreements.

Contractual Obligations

Specific duties or tasks that parties are bound to perform under a contract.