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25. Ismail and Danial setup a limited partnership business providing IT consultation service. Whilst Ismail is taking an active role in managing the business, Danial
25. Ismail and Danial setup a limited partnership business providing IT consultation service. Whilst Ismail is taking an active role in managing the business, Danial is not involved in the day-to-day running of the operation. In this scenario, who bears unlimited liability for the company's debt and obligations? Both Ismail and Danial have limited liability Both Ismail and Danial have unlimited liability, Only Ismail has unlimited liability. Only Danial has unlimited liability
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