Q136
The liability of partners in a firm is _________.
A.
Limited
B.
Unlimited
AnswerC.
Joint liability
D.
Separate liability
Answer: Option B
Solution
Answer: Option B
Solution:
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.