Which of the Following Categories of Owners Have Unlimited Liability

question 144

Multiple Choice

Which of the following categories of owners have unlimited liability?

• A) general partners in a limited partnership
• B) sole proprietors
• C) shareholders of a corporation
• D) both A and B

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Definitions:

Physical Strength

The extent of a person's bodily power or the ability to exert force on physical objects.

Hypnotically Induced

Brought about by a state of hypnosis, where an individual's awareness or consciousness is altered by suggestion.

Ice Bath

Immersion in ice-cold water, often used for therapeutic recovery or to reduce muscle inflammation and soreness.

Waking Levels

Different states of consciousness and alertness during wakefulness, ranging from drowsy to fully alert.