This Type of Business Organization Is Entirely Legally Independent from Its

question 51

Multiple Choice

This type of business organization is entirely legally independent from its owners.

• A) sole proprietorship
• B) partnership
• C) public corporations
• D) hybrid organizations

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Definitions:

Mailbox Rule

A legal principle stating that an offer is considered accepted once the acceptance is dispatched by the offeree, not when received by the offeror.

Mailbox Rule

A legal principle stating that an offer is considered accepted once the acceptance is dispatched, not when it is received.

Effective Upon Receipt

A condition indicating that a document, notification, or agreement becomes legally binding as soon as it is received by the intended party.

Online Businesses

Online Businesses operate on the internet, selling goods or services directly to consumers through digital platforms without a physical storefront.