When the Owner of a Sole Proprietorship Dies,the Business Automatically

question 139

True/False

When the owner of a sole proprietorship dies,the business automatically terminates.

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Definitions:

Real Estate Brokers

Licensed professionals who arrange the sale, lease, or management of properties and advise clients on market conditions, prices, and mortgages.

Material Breach

A significant violation or failure to perform one's duties under a contract, which justifies the other party's right to terminate the agreement and seek damages.

Compensation For Work

Compensation for work refers to the payment or benefits received by employees in exchange for their labor, including wages, salaries, and additional benefits.

Working Papers

Documents that accountants, auditors, and other professionals create to evidence the work performed and the conclusions reached during an engagement.