unlimited liability means?

  • A The government can tax a company without limit
  • B The debts of a company must be paid out of it assets
  • C A company ceases to exist at the death of one of its owners
  • D A firm must pay its debts from business as well as private funds
  • E None of the above

The correct answer is D. A firm must pay its debts from business as well as private funds

No explanation given
Previous question Next question