In a Sole Proprietorship, Legally the Owner Is the Business

question 250

True/False

In a sole proprietorship, legally the owner is the business and the business is the owner.

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Definitions:

Bi-conditional

A logical connection between two statements where both are true or both are false.

Tautology

A statement that is true by necessity or by virtue of its logical form, often repeating the same idea in different words.

Self-contradictory

A statement or position that contradicts itself, making it logically impossible or nonsensical.

Inconsistent Statement

An assertion that does not align or match with previous statements or facts, leading to a contradiction.