Unlimited Liability Holds a Sole Trader Personally Responsible for All

question 175

True/False

Unlimited liability holds a sole trader personally responsible for all the debts of the business.

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Definitions:

Platelets

A type of blood cell that helps prevent bleeding by forming clots.

Lymph

A clear fluid that circulates through the body via lymphatic vessels, carrying white blood cells and removing bacteria and other waste products.

Plasma

The liquid component of blood in which blood cells are suspended, consisting mostly of water and proteins.

Agglutination

The clumping together of particles, typically cells or proteins, that occurs when an antigen is mixed with its corresponding antibody.