Unlimited Liability Means

question 12

Multiple Choice

Unlimited liability means

• A) there is no limit on the amount an owner can borrow.
• B) creditors will absorb any loss from nonpayment of debt.
• C) the business can borrow money for any type of purchase.
• D) the owner is responsible for all business debts.
• E) stockholders can borrow money from the business.

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