Unlimited liability in business implies that the
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Correct Answer: Option C
Explanation:
Unlimited liability means that the owner's responsibility for business debts is not limited to the amount invested in the business. If the business cannot settle its debts, the owner's private property may be used to pay the outstanding business debts.
Unlimited liability means that the owner's responsibility for business debts is not limited to the amount invested in the business. If the business cannot settle its debts, the owner's private property may be used to pay the outstanding business debts.