If a sole proprietor is found negligent of an action, then that person could face:

Question

03-10-2017
Business

contestada

If a sole proprietor is found negligent of an action, then that person could face:

Respuesta :

Otras preguntas

In each box below identify an important difference that tended to exist between native-born americans and some or all of the new immigrants around the turn of t

Tectonic plates are present on the earth's surface because _____. the lithosphere is weak and cracked in several places the core is so hot that it created crac

Why does the gravitational field strength increase with latitude

Who is considered as the first ”web diarist” due to his online writings about video games and conventions? A. Justin Hall B. Brad Fitzpatrick C. Evan Williams D

What was significant about the battle of hampton roads? apex?

Alyssa and Jessie are in the same class. yesterday they took the same vocabulary quiz with the total of 20 Questions. Alyssa answered 16 of these questions corr

What can a journalist do to protect journalistic integrity?

During which phase of the autopsy would blood and fluid samples be taken? A) internal examination B) post-autopsy C) external examination D) pre-autopsy

How did Cardinal Bellarmine respond to the following arguments from Galileo?

PLEASE HELP ME ASAPWhich statement about Mound Builder ear spools is true? A. They have pictures scratched or carved onto a flat surface. B. They are st

MrsTriplet MrsTriplet · Answer 1 · 2019-02-06T02:51:50+01:00

If a sole proprietor is found negligent of an action, then that person could face liability charges. If a sole proprietor is found negligent, they are able to be procescuted for the actions that they did. A sole proprietor is a person doing business as themselves, and not using a EIN/business license/LLC to conduct their business. The sole proprietor is held responsible for anything that they are found guilty for.

Ritushar Ritushar · Answer 2 · 2019-09-14T18:05:38+02:00

If a sole proprietor is found negligent of an action, then that person could face unlimited liability.

Further Explanation:

Liability of a sole proprietor:

Sole proprietorship is a type of business where all the activities are carried out by the single person, who is the owner of the firm. All the business decisions are taken by the owner of the firm. The liability of a sole proprietor is unlimited. They are personally liable for the business loses. It means that they have to pay from their personal assets for recovering the business loss.

Negligence action:

Negligence action is a situation where the Sole proprietor is commuting some wrong actions but he/she did not intend to do so. Sole proprietor is liable for all the losses and liability in case of negligence action. Sole proprietor has to pay from his/her personal assets for the recovery of the losses occurred due to the negligence actions.

Thus, the sole proprietor has to face unlimited liability in case of negligence action.

Learn more:

1. Learn more about the advantages of sole prioprtiorship

https://brainly.com/question/999392

2. Learn more about the partnership

https://brainly.com/question/1603188

3. Learn more about the types of association

https://brainly.com/question/2977841

Answer details:

Grade: High School

Subject: Accounting

Chapter: Sole Proprietorship

Keywords: If, a, sole, proprietor, is, found, negligent, of, an, action, then, that, person, could, face, business, type of business, loss, unlimited liability, limited liability.