gorbyalexis gorbyalexis

05-11-2019
Business

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If your partnership closes and you have outstanding debt, you are required to pay back the debt. You would have this type of liability.

Unlimited

Limited

Respuesta :

Samawati Samawati

09-11-2019

Answer:

Unlimited

Explanation:

Unlimited liability means that a partner is liable to all the debts and obligations of the partnership. If the business resources are unable to settle its debts, then the partner will be required to meet the obligations using personal funds.

The liabilities of the partnership as a business are, by extension, debts to the partner.

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