Any Debts or Damages Incurred by a Firm Organized as a Sole

Multiple Choice

Any debts or damages incurred by a firm organized as a sole proprietorship are:

A) limited to the amount the owner has invested in the firm.
B) the sole responsibility of the owner.
C) normally covered by liability insurance.
D) paid for out of a reserve contingency fund that sole proprietors are required by law to set up.