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What is the meaning of unlimited …

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What is the meaning of unlimited liabilities

Posted by Mohammad Tahseen Raza 6 years, 9 months ago

CBSE > Class 11 > Business Studies

3 answers

Shivesh Tiwari 6 years, 9 months ago

The person have to wear all the loss and profit by him self.

Lakshita Sharma 6 years, 9 months ago

Unlimited liability means if the person be insolvent (not able to pay the debt) then it's personal assets can be taken and sold for paying the debts

Honey 8 6 years, 9 months ago

The liabilities which are to be paid of completely. They can affect our personal belongings. I.e we may have to sell them and pay off liabilities

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