Unlimited liability in business implies that the

COMMERCE
WAEC 2010

Unlimited liability in business implies that the

  • A. risk of the owner is limited only to the amount invested
  • B. debts are paid with subventions
  • C. property of the owners should not be used to secure loans
  • D. owners private property can be used to settle the business debts

Correct Answer: D. owners private property can be used to settle the business debts



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