angelcjsdfv5397 angelcjsdfv5397
  • 14-01-2021
  • Business
contestada

A term that means that business damages and/or debts can also be attached to the personal assets of the owners is ______ liability.

Respuesta :

tutordamola
tutordamola tutordamola
  • 15-01-2021

Answer:

The answer is unlimited

Explanation:

Unlimited liability happens in a situation where the business cannot be diffentiated from its owners like sole proprietorship.

This type of liability assumes full legal responsibility of all business debts i.e it is required by law for the owner to pay all debt obligations as there is no distinction between the business and the owner.

Answer Link

Otras preguntas

How long was a million days ago in hours?
solve the missing measure of a square, when P=76inFormula: P=4s
How long was a million days ago in hours?
What does y-intercept represent?
It takes Akira 10 minutes to make a black and white drawing and 25 minutes for a color drawing.  On Saturday he made a total of 9 drawings in 2 hours.  Write an
If light travels 671,000,000 miles per hour, how many miles will it travel in one minute?
Verify the identity sec(beta) - 1 / cos(beta) = sec(beta)
The sum of two numbers is 95, and their difference is 61. What are the two numbers?
9/10 divided by (1/10 plus 2/5)
McDonald's has sold more than a billion hamburgers. If it were possible to eat a hamburger every minute of everyday (day and night) without stopping, how many y