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What is the liability of partners in a partnership firm?

3. What is the liability of partners in a partnership firm?

1. Limited
2. Unlimited
3. Limited to the capital of business
4. No Liability

Answer: B) Unlimited

Explanation:

In a partnership firm, every one of the accomplices of the business has a limitless obligation. Every one of the obligations and liabilities is taken by any of the accomplices should be reimbursed by every one of the accomplices. It is everybody's liability in an overall organization with limitless risk.