A Sole Proprietor Has Limited Liability and Cannot Be Forced

question 10

True/False

A sole proprietor has limited liability and cannot be forced to pay its creditors from his/her personal resources.

Differentiate between arguments that can and cannot be diagrammed.

Assess the significance of symbols used in argument diagrams.

Understand the benefits of breast-feeding for both mother and child.

Recognize the socio-economic and demographic factors influencing breast-feeding practices.

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Definitions:

Warranty Of Assignability

A warranty of assignability assures that a contractual right or interest can be transferred or assigned to another party.

Common Law

A legal system based on custom and court rulings as opposed to written laws passed by a legislature.

Assignor

An individual or entity that transfers rights or interests in a contract to another, known as the assignee.

Implied Warranty Of Merchantability

An assurance, inferred in every sale unless clearly disclaimed, that merchantable goods will conform to a reasonable performance expectation for goods of their kind.