Question

A proprietor has ________ liability. (Fill in the blank by choosing correct option)
a) unlimited
b) limited
c) restricted

Answer 1

Heya user!

Option B, unlimited.

A

A proprietor has the main source of capital.

Answer 2

Answer:

(a)Unlimited

Explanation:

A proprietor has Unlimited liability.

A proprietor is person who is the owner of the respective organization (Groups of people to work for single motive).He/she holds the organization for making profit.

Liabilities is defined as the group of responsibilities.

So, Proprietor having the unlimited liabilities as he/she is used to manage the organization to achieve the profit.

So ,Option (a) is correct.