12. A sole proprietor’s liability is a. limited by state statute. b. limited to the amount...

12. A sole proprietor’s liability is

a. limited by state statute.

b. limited to the amount stipulated by the firm’s business insurance.

c. limited to the extent of his or her capital contribution.

d. unlimited.

Expert Solution

A sole proprietor’s liability is
d. unlimited
Analysis: A sole proprietor has unlimited liability.

keosha answered 2 years ago

The liability of sole proprietors is limited to their company's book value.

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