Unlimited liability means a. there is no limit on the amount an owner can borrow. b. creditors

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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.

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Foundations Of Business

ISBN: 9780538744515

2nd Edition

Authors: William M. Pride, Robert J. Hughes, Jack R. Kapoor

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Question Posted: Sep 13, 2024 04:01 AM

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Unlimited liability means a. there is no limit on the amount an owner can borrow. b. creditors

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Foundations Of Business

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