Your Credit Report May Be Issued Only If This Occurs

question 128

True/False

Your credit report may be issued only if this occurs with your consent.

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Definitions:

Proprietorship

A proprietorship, also known as a sole proprietorship, is a business owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.

Legal Liability

Legal liability involves being responsible under law for a specific action or outcome, often related to damages or restitution.

Limited Liability Company

A company organization that blends the direct taxation features of a partnership or sole proprietorship with the protective limited liability characteristic of a corporation.

Service Business

A type of business that provides intangible products, such as expertise, experience, or access, rather than physical goods.