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What is the meaning of unlimited liabilities |
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Answer» The person have to wear all the loss and profit by him self. Unlimited liability means if the person be insolvent (not able to pay the debt) then it\'s personal assets can be taken and sold for paying the debts The liabilities which are to be paid of completely. They can affect our personal belongings. I.e we may have to sell them and pay off liabilities |
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