The Disadvantages Associated with a Proprietorship Are Similar to Those

question 72

True/False

The disadvantages associated with a proprietorship are similar to those of a partnership. A major difference between these two forms of business organization is that a partnership requires a legal agreement that commits the partners' personal assets, which means that partnerships have little difficulty raising large amounts of capital (similar to corporations). 

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Definitions:

Tarasoff

Refers to a legal case and resulting rule that mental health professionals have a duty to warn identifiable individuals if their client poses a serious risk of harm to them.

Patient's Confidentiality

The ethical and legal duty of healthcare providers to protect personal health information of patients from unauthorized disclosure.

Absolute Duty

An unconditional obligation that must be performed regardless of the circumstances.

California Supreme Court

The highest state court in California, responsible for overseeing and ruling on legal and constitutional issues.