Limited
Unlimited
Both limited and unlimited
None of these
Answer is Right!
Answer is Wrong!
The correct answer is B. Unlimited.
A partnership is a business owned by two or more people. The partners share the profits and losses of the business. The liability of partners is unlimited, which means that each partner is personally liable for the debts of the partnership. This means that if the partnership cannot pay its debts, the partners may have to sell their personal assets to pay off the debts.
Option A is incorrect because the liability of partners is not limited. Option C is incorrect because the liability of partners is not both limited and unlimited. Option D is incorrect because the liability of partners is unlimited.