Accountancy, asked by jain9487, 1 year ago

what is meant by unlimited liability of partners?​

Answers

Answered by Anonymous
19

Answer:

Explanation:

Unlimited liability refers to the legal obligations general partners and sole proprietors because they are liable for all business debts if the business can't pay its liabilities.

Answered by dobhalmani24
5

Answer:

Unlimited liability refers to the legal obligations general partners and sole proprietors because they are liable for all business debts if the business can't pay its liabilities.

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