Fabian inherited some money from his family and decided to open a hardware store on his own. He bought the entire inventory on credit from vendors with the promise of paying them later. He hoped to have good sales when he opened the store because there weren’t any other hardware stores in the area. However, he couldn’t sell most of his stock because there did not seem to be any demand. He knew he wouldn’t be able to pay the creditors from the money the store made. What kind of ownership does Fabian have over his store? What kind of liability is Fabian open to regarding the money owed to his creditors?
Fabian has_______over the store
A: Fabian has sole partnership over the store.
B: Fabian has multi-proprietorship over the store.
C: Fabian has sole proprietorship over the store.
He has______with respect to the money owed to his creditors.
A: He has limited liability with respect to the money owed to his creditors.
B: He has unlimited liability with respect to the money owed to his creditors.
C: He has fluctuating liability with respect to the money owed to his creditors.
Please but the whole answer! ty there's 2 answer bc there is 2 blanks