Question

1
1 What do you understand by the term 'unlimited liability"?
(a) The personal assets of owner can be sold, only to a limited extent.
(b) The personal assets of owner cannot be sold at all. .
(c) The personal assets of owner can be sold when the assets of the
business are not enough to.
(d) The personal assets of owner can be sold according to the wish of
the creditors.​

Answer 1

Answer:

option c

the personal assets of the owner can be sold when the assets of the business are not enough to.