Unlimited Liability Holds a Sole Trader Personally Responsible for All

question 175

True/False

Unlimited liability holds a sole trader personally responsible for all the debts of the business.

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Definitions:

Screw Pitch Gauge

A toothed template gauge used for measuring screw pitch or threads per inch (tpi).

Threads Per Inch

A measure of the thread density in fasteners, indicating how many threads are present within an inch length of the screw.

Thread Angle

Refers to the angle between the sides of the thread profile on a screw or threaded component, typically measured in degrees.

Interstate Commerce

Trade, traffic, or transportation involving the movement of goods, services, money, or persons across state borders within the United States, subject to federal regulation.