Question

28) In which form of business do the owners have obligations to pay off liabilities from personal wealth as well if the businesses money and assets are not enough? (a) Private Company (b) Public Co​

Answer 1

Correct answer:-

option (a).

private company.

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Answer 2

Answer:option c is right

Explanation:Hindu undivided family have obligations to pay off liabilities from personal wealth well if the businesses money and assets are not enough because in this type of business only the liabilities of all types of problems is on karta (grandfather) so he have to bear all the losses incurred in the business.