Which of the Following Is NOT an Advantage of a Sole

question 1

Multiple Choice

Which of the following is NOT an advantage of a sole trader?

• A)Limited liability
• B)Single taxation
• C)No separation of ownership and control
• D)Ease of set-up

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Definitions:

Time Of Essence

A contractual clause declaring that specific timelines and deadlines are crucial to the contract, with any delay constituting a breach.

Election Day

A designated day on which voters cast ballots to elect public officials or to decide on other political or legal questions.

Delivery

The process of transferring an item from the seller to the buyer, or the act of fulfilling a contractual obligation or transferring ownership.

Payment Obligation

A legally binding commitment to pay a specified amount of money to another party under the terms of a contract or agreement.