General Knowledge MCQ #1590

The form of business having unlimited liabilities is:

General Knowledge MCQ #1590

  1. Question 1

    Q1. The form of business having unlimited liabilities is:

    • A) General partnership
    • B) Limited partnership
    • C) Limited liability partnership
    • D) Particular partnership

    Answer: General partnership

    Explanation: In a general partnership, all partners share unlimited personal liability for the debts and obligations of the business, unlike limited partnerships where some partners have capped liability.