The liability of partners in a firm is _________.
A. Limited
B. Unlimited
C. Joint liability
D. Separate liability
Answer: Option B
Solution(By Examveda Team)
The liability of partners in a firm is Unlimited. 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.This Question Belongs to Commerce >> Business And Commerce
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