Unlimited liability means:
A)When you own your own business you are responsible for all the business debts.
B)You are only liable for the money you invest in the business.
C)As a franchisee your franchisor is responsible for the debts of the franchise.
D)You are liable for whatever advertising promises your firm makes.

Question

Quizplus · Accepted Answer

Unlimited liability means that the owner of a business is personally responsible for all the debts and losses of the business. This means that the owner's personal assets, such as their home or car, may be seized to pay off business debts.

Unlimited Liability Means