Explain the difference between limited and unlimited liability

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asked Nov 15, 2018 14.9k views

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Asolanki · Answer 1 · 2018-11-22T07:42:14+0000

Limited Liability is where a person's financial liability is limited to a fixed sum.
Unlimited Liability is when liable on business debt because can not pay for its own.

Explain the difference between limited and unlimited liability

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