Question

Rakesh started a garment shop few years back. Due to continuous losses 2
in the business, he decided to close it down. However, he owes rupees
2000, 00 to Aniket from whom he had purchased garments on credit. His
business funds are not sufficient to repay the debt. Can Aniket recover
his dues from the personal assets of Rakesh Support your answer with
reason.​

Answer 1

Answer:

yes because the liability of rakesh is unlimited

Answer 2

Answer:

of course yes because the liabilities of Rakesh is unlimited.

Explanation:

and if the liabilities of a owner is unlimited then he had to repay the debt by selling his assets.