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What is a sole proprietorship why are sole proprietors held

1) What is a sole proprietorship? Why are sole proprietors held personally liable for the debts of their businesses?

2) What is the fiduciary duty of loyalty? Did Gaffney act ethically in this case? Did he and his partners breach their fiduciary duty of loyalty?

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Business Law and Ethics: What is a sole proprietorship why are sole proprietors held

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