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A term that means that business damages and/or debts can also be attached to the personal assets of the owners is ______ liability.
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A term that means that business damages and/or debts can also be attached to the personal assets of the owners is ______ liability.

User Trosendal
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12 votes

Answer:

The answer is unlimited

Step-by-step explanation:

Unlimited liability happens in a situation where the business cannot be diffentiated from its owners like sole proprietorship.

This type of liability assumes full legal responsibility of all business debts i.e it is required by law for the owner to pay all debt obligations as there is no distinction between the business and the owner.

User Dmitriy Dokshin
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