Liability of a partner in a partnership firm

The correct answer is: B. unlimited

A partner in a partnership firm has unlimited liability, which means that they are personally liable for the debts and obligations of the partnership. This means that their personal assets, such as their home and car, can be used to satisfy the debts of the partnership.

The other options are incorrect because:

• Option A is incorrect because a partner in a partnership firm does not have limited liability.
• Option C is incorrect because a partner in a partnership firm does not have restricted liability.
• Option D is incorrect because the liability of a partner in a partnership firm is not undefined. It is unlimited.

I hope this helps! Let me know if you have any other questions.