Examlex
Primary liability is unconditional.
Sole Proprietorship
A type of business enterprise owned and managed by one person, where there is no legal distinction between the owner and the business.
Advantages
Benefits or positive aspects of a particular situation, strategy, or choice.
Disadvantages
The unfavorable or negative aspects of a particular situation or choice.
Joint Venture
A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project, often sharing revenues, expenses, and control.
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