Multiple Choice
Unlimited liability means
A) there is no limit on the amount an owner can borrow.
B) creditors will absorb any loss from nonpayment of debt.
C) the business can borrow money for any type of purchase.
D) the owner is responsible for all business debts.
E) stockholders can borrow money from the business.
Correct Answer:
Verified
Correct Answer:
Verified
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