If a sole proprietor breaches a contract and is successfully sue, which is true? All of the owner's assets can be seized The oner's personal liability is limited to the amount invested in the business Only the owners personal assets can be seized Only the owner's business assets can be seized Ted owns Linens Ine, which is a supplier of linens and towels to hotels. Ted is about to deliver an order to the Elite Hotel inc, for $35, 000 but be has heard tumers that this holel in in financial trouble and there are even suggestions of possible bankruptcy. Which of the following would be the best far Ted to use to possibly presect hims in if Elite dees go registering a general security agreement (GSA) registering a PMSI registering a chattel mortgage at the PPSA registering a lien at the PPSA registering as a preferred creditor under The Banikupcy Act If a court "pierces the corporate veil", most likely it will mean that the court found officers and directors liable even though they did due diligence found negligence and makes employees liable for the company's actions. found directors are liable for some of the unpaid wages when the company went bankrupt will make partners liable for the actions of other partners in a LLP found fraud and the shareholders responsible can be personally liable not just the corporation