The Separate Entity Assumption Applies Only to Legally Separate Entities

question 17

True/False

The separate entity assumption applies only to legally separate entities such as corporations; it does not apply to proprietorships or other unincorporated businesses.

---

Definitions:

Shoshone Indian

A member of a Native American tribe originally living in the western United States.

Pacific Ocean

The biggest and most profound ocean on Earth, situated between the Americas in the east and Asia and Australia in the west.

Motorists

Individuals who operate cars or other motor vehicles.

Speed Limit

The maximum legal speed at which vehicles may travel on a particular road or in a specific area.