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solmaris [256]
2 years ago
12

When each general partner is liable for the debts of the firm, no matter who was responsible for causing the debt, this is calle

d ______ liability.
Business
1 answer:
jeka57 [31]2 years ago
5 0

The type of liability that is illustrated in this scenario is known as unlimited liability.

<h3>What is unlimited liability?</h3>

It should be noted that in an unlimited liability company, the general partners are responsible for all the debts and liabilities that are incurred.

In this case, each general partner is liable for the debts of the firm, no matter who was responsible for causing the debt.

Learn more about liability on:

brainly.com/question/25012970

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