Question

Which of the following is a major difference between limited liability and unlimited liability?

A. The amount of responsibility for worker satisfaction
B. The amount of responsibility for management expertise
C. The amount of responsibility for consumer complaints
D. The amount of responsibility for business debts

Answer 1

The answer is D, The amount of responsibility for business debts
In limited liability, the amount of business debt that acquired by a partner will not be liable to other partners in case the debt unable to be paid.
In unlimited liability on the other hand, those other partners had to pay all the business debt if one of them failed to do so,