Liability of a partner is ___________.
A. Limited to the extent of his share of the business profits.
B. Unlimited
C. Limited to the extent of capital
D. Limited to the extent of loan given to the firm.
Answer:B
Liability of a partner is ___________.
A. Limited to the extent of his share of the business profits. B. Unlimited C. Limited to the extent of capital D. Limited to the extent of loan given to the firm.