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 the owner is responsible for all the debts of the firm. If the firm should land in bankruptcy court, the judge could liquidate the owner's personal assets to pay the debts of the business.

Unlimited Liability Means