Answer:
Explanation: In a sole proprietorship, the owner is the sole owner and therefore liable for all debts and liabilities of the business. The owner has full control of the business and makes all decisions regarding the use of business assets and any loans or loans. This means that if the business incurs a debt, the owner is personally responsible for repaying the debt.
Partners share ownership and control of the business. The debts contracted by the company are the responsibility of all the partners, who may be required to pay them jointly. This means that if one partner is unable to pay the debt they owe, the other partners may be required to pay the debt. Partners should clearly understand their rights and responsibilities as well as the terms of any loan or credit to avoid any potential conflict or misunderstanding.