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Question Practice

In a general partnership, how is liability defined?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Business Studies
Business Studies
Forms of Business Organisation
Question Bank

In a general partnership, how ...

Single Answer MCQ
Q-00064401

In a general partnership, how is liability defined?

1

Limited to the amount of capital invested

2

Unlimited and joint among partners

3

All partners have limited liability

4

No liability for business debts

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