55.0k views
1 vote
What is the legally bound obligation to pay debts called?

A. liability

B. large amount of paperwork

C. business license

D. fringe benefit

2 Answers

2 votes

Answer:

A. liability

Step-by-step explanation:

the state of being responsible for something, especially by law.

User Aadarshsg
by
3.2k points
5 votes
The answer is A. Liability
User Avedis
by
3.5k points