Question

“The individual proprietor is the supreme judge of all matters pertaining to his business, subject only to the general laws of the land and to such special legislation as may affect his particular business.” Comment.

Answer 1

The statement means that in a sole proprietorship, the owner has absolute control over all business decisions and operations without needing approval from others. However, this control is limited by the general laws of the land and any special regulations applying to the particular type of business. Thus, the proprietor enjoys independence in managing the business, subject to legal compliance, ensuring both flexibility and responsibility. This highlights the unique position of sole proprietors as ultimate decision-makers within the framework of the law.