Unformatted text preview: Having failed to voice his objection at the time, George-Boy must now face the consequences. It makes no difference, with regard to the question of his liability to the wholesaler, that George-Boy later told his father he would not be liable for any of his father's debts. 23. Monella is incorrect. His business is a sole proprietorship, which is not its own separate legal entity. Monella faces unlimited personal liability for debts connected with his restaurant business. Answers to Student Study Guide and Workbook Questions 62...
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- Spring '09
- Business Law, Corporation, Types of companies, purported partnership doctrine