Q. If the personal assets of the partners are exposed to the business debts, it is called?

a.

Limited life

b.

Co-ownership of property

c.

Unlimited Liability

d.

Mutual Agency

Question 4 Not yet answered Marked out of 1 P Flag question X, Y and Z are sharing profits in the ratio of 2/5: 2/5: 1/5. Partner Z retired from business and his share was purchased equally by X and Y. The new profit sharing ratio shall be: O a. X-12 & Y - 72 O b. X - 2/5 & Y - 3/5 O c. X - 3/5 & Y - 2/5 O d. None of these are correct