Define Tort

question 6

Short Answer

Define tort.

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Definitions:

Sole Proprietorship

A business owned and operated by a single individual, with no legal distinction between the owner and the business.

Total Revenue

The complete amount of income generated by a business or entity from its activities, before any expenses are deducted.

Sole Proprietorships

A business owned and operated by one individual, without any legal distinction between the owner and the business.

Unincorporated Business Associations

Groups or partnerships operating a business without forming a legal corporation, thus not enjoying the benefits or protections of corporate status.