In raising capital a sole proprietor is limited to his or


1. In raising capital, a sole proprietor is limited to his or her personal funds¾a personal loan is not possible.

A. True
B. False

2. A franchise exists when the owner of a copyright licenses its use to another party to sell goods or services.

A. True
B. False

3. A court will not provide a remedy for the "wrongful" termination of a franchise relationship.

A. True
B. False

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Accounting Basics: In raising capital a sole proprietor is limited to his or
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