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When a business has an unlimited liability

When a business has an unlimited liability
  • A.
    the owner are not responsible for all its financial debts
  • B.
    all its profits can be taxed by the government
  • C.
    the owners are responsible for all its financial debts
  • D.
    all its assets belongs to the members of its board of directors
  • E.
    it ceases to exist at the death of one of its owner
Correct Answer: Option C
Explanation