Unlimited liability means that an investor can only lose everything he has invested in a corporation.

Name: Unlimited liability means that an investor can only lose everything he has invested in a corporation.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Unlimited liability means that an investor or owner is personally responsible for all of the debts of the business, potentially to the extent of using personal assets to cover those debts, not just the amount invested in the corporation.

Unlimited Liability Means That an Investor Can Only Lose Everything