Complete the sentence: Liabilities of partners in partnership firm is _____.
Q.1 (C) (i) Complete the sentence: Liabilities of partners in partnership firm is _____.
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Answer: unlimited
Every partner is personally liable for the debts of the firm. If the firm's assets are not enough, creditors can recover the dues from the private property of the partners, so their liability is unlimited.
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· 28 Oct 2026
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